Cavco CEO surrenders shares for RSU tax
CAVCO INDUSTRIES, INC.
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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.
Insider Trade Summary
Exercise Price or Tax Liability: 554 shares
Exercise Price or Tax Liability
2 txns
Insider
Boor William C
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 554 | $455.76 | $252K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 52,681 shares (Direct);
Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (2)
- F1. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.
- F2. Includes 7,000 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
Key Figures
Shares surrendered for tax: 554 shares
Price per surrendered share: $455.76 per share
Direct shares after transaction: 52,681 shares
+2 more
5 metrics
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
Key Terms
Restricted Stock Units, tax withholding, indirect, Common Stock
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 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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