Cavco (NASDAQ: CVCO) CEO Boor surrenders 516 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAVCO INDUSTRIES, INC. President & CEO William C. Boor reported routine share movements related to equity compensation. On the Form 4, 516 shares of common stock were surrendered to cover tax withholding on the release of Restricted Stock Units at a price of $495.11 per share, leaving him with 62,777 shares held directly. An additional 380 shares are reported as indirectly owned through his spouse. The tax-withholding disposition is not an open-market sale and reflects payment of taxes rather than a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boor William C
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 516 | $495.11 | $255K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,777 shares (Direct, null);
Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 516 shares
Tax-withholding price: $495.11 per share
Direct holdings after transaction: 62,777 shares
+1 more
4 metrics
Tax-withholding shares
516 shares
Common Stock surrendered for RSU tax withholding
Tax-withholding price
$495.11 per share
Value used for 516 surrendered shares
Direct holdings after transaction
62,777 shares
Common Stock held directly by William C. Boor
Indirect spouse holdings
380 shares
Common Stock held indirectly by spouse
Key Terms
Restricted Stock Units, tax-withholding disposition, indirect ownership, Form 4
4 terms
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 disposition financial
"transaction_action: tax-withholding disposition for 516 common shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"total_shares_following_transaction 380.0000, ownership_type indirect, nature_of_ownership By Spouse."
Form 4 regulatory
"INSIDER FILING DATA (Form 4) detailing Cavco Industries transactions."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider activity did Cavco Industries (CVCO) report for William C. Boor?
Cavco Industries reported that President & CEO William C. Boor had 516 shares of common stock surrendered to cover tax withholding on a Restricted Stock Unit release, a routine compensation-related event rather than an open-market stock trade.
Was the Cavco Industries (CVCO) Form 4 transaction an open-market sale?
No, the Form 4 identifies the 516-share disposition as a tax-withholding event. Shares were surrendered to satisfy tax obligations on the release of Restricted Stock Units, not sold in the open market at the insider’s discretion.