Cavco EVP receives stock awards, covers taxes in shares

CAVCO INDUSTRIES, INC. executive Seth G. Schuknecht, EVP and General Counsel, reported routine equity compensation and related tax withholding.

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. executive Seth G. Schuknecht, EVP and General Counsel, reported routine equity compensation and related tax withholding. He received 814 shares of Common Stock tied to FY2024 performance-based restricted stock and an additional award of 461 Restricted Stock Units that will pay out 33%, 33% and 34% over three years from the grant date. To cover tax withholding on the release of restricted stock, 341 shares were surrendered back to the company at a reference price of $458.11 per share. After these transactions, he directly holds 2,323 shares of Cavco common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SCHUKNECHT SETH G

Role EVP, General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	461	$0.00	$0.00
Grant/Award	Common Stock	814	$458.11	$373K
Exercise Price or Tax Liability	Common Stock	341	$458.11	$156K

Holdings After Transaction: Common Stock — 1,982 shares (Direct)

Footnotes (3)

1. F1. This is an award of Restricted Stock Units which will pay out into shares of Common Stock of the Company as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.
2. F2. Release of FY2024 Performance-based Restricted Stock.
3. F3. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Key Figures

Shares surrendered for tax withholding: 341 shares Performance-based restricted stock released: 814 shares New RSU award: 461 Restricted Stock Units +2 more

5 metrics

Shares surrendered for tax withholding 341 shares Common Stock surrendered at $458.11 per share to cover tax withholding

Performance-based restricted stock released 814 shares FY2024 Performance-based Restricted Stock released at $458.11 reference price

New RSU award 461 Restricted Stock Units Award pays out 33%, 33%, 34% over three anniversaries of grant date

Reference price per share $458.11 per share Applied to 341 surrendered shares and 814 performance-based shares

Shares held after transactions 2,323 shares Total Cavco common stock directly owned by Seth Schuknecht after Form 4 events

Key Terms

Restricted Stock Units, Performance-based Restricted Stock, tax withholding, grant date

4 terms

Restricted Stock Units financial

"This is an award of Restricted Stock Units which will pay out into shares of Common Stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance-based Restricted Stock financial

"Release of FY2024 Performance-based Restricted Stock."

Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.

tax withholding financial

"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

grant date financial

"33% on the first anniversary of the grant date, 33% on the second anniversary"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cavco (CVCO) executive Seth Schuknecht report in this Form 4?

Seth Schuknecht reported equity awards and tax withholding. He received 814 Cavco common shares from FY2024 performance-based restricted stock and 461 Restricted Stock Units, while surrendering 341 shares to cover tax withholding obligations on restricted stock release.

How many Cavco (CVCO) shares does Seth Schuknecht hold after these transactions?

After the reported transactions he holds 2,323 shares. This total reflects equity awards received and 341 shares surrendered to cover tax withholding, giving a snapshot of his direct Cavco common stock ownership following the Form 4 events.

What are the vesting terms of Seth Schuknecht’s new Cavco (CVCO) RSU award?

The Restricted Stock Units vest over three years. The award pays out into Cavco common shares as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary, and 34% on the third anniversary of the grant date.

Was the Cavco (CVCO) Form 4 transaction an open-market sale of shares?

No, the disposition was for tax withholding. The filing shows 341 shares surrendered to satisfy tax obligations on the release of restricted stock, not an open-market sale, alongside stock and RSU awards granted as executive compensation.

What price per share is referenced in Seth Schuknecht’s Cavco (CVCO) Form 4?

The referenced price per share is $458.11. This price is applied to 341 shares surrendered for tax withholding and 814 shares acquired from performance-based restricted stock, providing the value context used for these compensation-related share movements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 08:46 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHUKNECHT SETH G

(Last) (First) (Middle)

3636 N. CENTRAL AVENUE

SUITE 1200

(Street)

PHOENIX ARIZONA 85012

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAVCO INDUSTRIES, INC. [ CVCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		A		461(1)	A	$0	1,509	D
Common Stock	05/18/2026		A		814(2)	A	$458.11	2,323	D
Common Stock	05/18/2026		F		341(3)	D	$458.11	1,982	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This is an award of Restricted Stock Units which will pay out into shares of Common Stock of the Company as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.

2. Release of FY2024 Performance-based Restricted Stock.

3. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Remarks:

	/s/ Seth G. Schuknecht	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)