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Cavco (NASDAQ: CVCO) EVP uses 41 shares to cover RSU taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CAVCO INDUSTRIES EVP and General Counsel Seth G. Schuknecht reported a routine, compensation-related share disposition. He surrendered 41 shares of Common Stock at an implied value of $539.06 per share to cover tax withholding on the release of Restricted Stock Units. After this tax-withholding transaction, he directly holds 1,048 shares, which the filing states includes 882 shares underlying Restricted Stock Units that are allocated but not yet vested or delivered.

Positive

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Negative

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Insider SCHUKNECHT SETH G
Role EVP, General Counsel
Type Security Shares Price Value
Tax Withholding Common Stock 41 $539.06 $22K
Holdings After Transaction: Common Stock — 1,048 shares (Direct, null)
Footnotes (1)
  1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units. Includes 882 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
Shares surrendered for taxes 41 shares Tax-withholding disposition on RSU release
Implied share value $539.06 per share Value used for tax-withholding share surrender
Shares held after transaction 1,048 shares Direct holdings following reported disposition
RSUs allocated 882 shares Underlying Restricted Stock Units not yet vested or delivered
Restricted Stock Units financial
"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."
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.
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.
surrender of shares financial
"Surrender of shares for payment of tax withholding on release of Restricted Stock Units."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/18/2026F41(1)D$539.061,048(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.
2. Includes 882 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
Remarks:
/s/ Seth G. Schuknecht04/21/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Executive Seth G. Schuknecht reported surrendering 41 Cavco shares. The shares were used to satisfy tax withholding on the release of Restricted Stock Units, reflecting a routine compensation-related event rather than an open-market trade in Cavco stock.

How many Cavco (CVCO) shares were used for tax withholding by the EVP?

Schuknecht surrendered 41 shares of Cavco Common Stock for tax withholding. The shares were valued at $539.06 each, according to the filing, and were applied to cover taxes triggered by the vesting and release of Restricted Stock Units.

Is the Cavco (CVCO) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 41 Cavco shares were surrendered back to cover tax obligations arising from the release of Restricted Stock Units granted as part of Schuknecht’s compensation.

How many Cavco (CVCO) shares does Seth Schuknecht hold after this transaction?

Following the reported tax-withholding transaction, Schuknecht directly holds 1,048 Cavco shares. The filing notes this figure includes 882 shares underlying Restricted Stock Units that are allocated to him but have not yet vested or been delivered.

What are the Restricted Stock Units mentioned in the Cavco (CVCO) filing?

The filing states that 882 shares are underlying Restricted Stock Units allocated to Schuknecht. These RSUs represent future share delivery tied to vesting conditions and are not yet vested or delivered, meaning they are part of his compensation but not fully owned shares.

At what price were the surrendered Cavco (CVCO) shares valued in the Form 4?

The 41 surrendered shares were valued at $539.06 per share in the Form 4. This price is used for reporting the tax-withholding disposition related to the release of Restricted Stock Units, rather than reflecting an open-market trade execution.