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Cavco (NASDAQ: CVCO) CEO surrenders shares to cover RSU tax withholding

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

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. President & CEO William C. Boor reported a routine tax-related share disposition. He surrendered 554 shares of common stock at $455.76 per share to cover tax withholding on the release of Restricted Stock Units. After this, he holds 52,681 common shares directly and 380 shares indirectly through his spouse. Footnotes state that his holdings include 7,000 shares underlying Restricted Stock Units that are allocated but not yet vested or delivered.

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Negative

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Insider Boor William C
Role President & CEO
Type Security Shares Price Value
Tax Withholding Common Stock 554 $455.76 $252K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 52,681 shares (Direct, null); Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (1)
  1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units. Includes 7,000 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
Shares surrendered for tax 554 shares Tax withholding on RSU release, transaction code F
Price per surrendered share $455.76 per share Value used for tax-withholding share surrender
Direct shares after transaction 52,681 shares Common stock directly owned after tax-withholding disposition
Indirect spouse-held shares 380 shares Common stock held indirectly via spouse
Unvested RSU underlying shares 7,000 shares 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.
indirect financial
"total_shares_following_transaction: 380.0000, direct_or_indirect: I, nature_of_ownership: By Spouse"
Common Stock financial
"security_title: Common Stock, transaction_type: non-derivative"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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*
Boor William C
(Last)(First)(Middle)
C/O 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		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 Stock05/15/2026F554(1)D$455.7652,681(2)D
Common Stock380IBy Spouse
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 7,000 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
Remarks:
/s/ Seth G. Schuknecht, attorney-in fact05/19/2026
** 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) CEO William Boor report in this Form 4?

William Boor reported surrendering shares for tax withholding. He delivered 554 Cavco common shares to cover taxes due on Restricted Stock Unit vesting, a non-market transaction, and updated his direct and indirect share ownership positions accordingly.

How many Cavco (CVCO) shares did the CEO surrender for taxes?

The CEO surrendered 554 Cavco common shares. These shares, valued at $455.76 each, were used to satisfy tax withholding obligations related to the release of Restricted Stock Units rather than being sold in the open market.

How many Cavco (CVCO) shares does the CEO hold after this filing?

After the transaction, the CEO holds 52,681 shares directly. He also has 380 shares reported as indirect ownership through his spouse, plus 7,000 shares underlying Restricted Stock Units that are allocated but not yet vested or delivered.

Was the Cavco (CVCO) CEO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The 554 shares were surrendered specifically to pay tax withholding on Restricted Stock Unit vesting, classified as a tax-withholding disposition under transaction code F, rather than a discretionary stock sale.

What do the Restricted Stock Units in Cavco (CVCO) CEO’s filing represent?

The CEO has 7,000 shares underlying Restricted Stock Units. These RSUs are allocated but not yet vested or delivered, meaning they represent potential future share delivery subject to vesting conditions rather than currently tradable common stock.