Cavco executive reports stock awards, tax share surrender

CAVCO INDUSTRIES, INC. executive Brian R. Cira, President of Manufactured Housing, reported routine equity compensation changes.

Rhea-AI Filing Summary

CAVCO INDUSTRIES, INC. executive Brian R. Cira, President of Manufactured Housing, reported routine equity compensation changes. He received awards of Common Stock, including 308 Restricted Stock Units that vest 33%, 33% and 34% over three years, and 1,370 shares tied to FY2024 performance-based restricted stock. To cover tax obligations on the restricted stock release, 368 shares were surrendered back to the company as a tax-withholding disposition, not an open-market sale. After these transactions, he directly holds 4,715 shares of Common Stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider CIRA BRIAN R

Role President,Manufactured Housing

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	308	$0.00	$0.00
Grant/Award	Common Stock	1,370	$458.11	$628K
Exercise Price or Tax Liability	Common Stock	368	$458.11	$169K

Holdings After Transaction: Common Stock — 4,347 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

Tax-withheld shares: 368 shares Performance-based shares released: 1,370 shares New RSU grant: 308 units +2 more

5 metrics

Tax-withheld shares 368 shares Surrendered to cover tax withholding on RSU release at $458.11

Performance-based shares released 1,370 shares FY2024 performance-based restricted stock release at $458.11

New RSU grant 308 units Restricted Stock Units vesting 33%, 33%, 34% over three years

Post-transaction holdings 4,715 shares Common Stock directly held after reported Form 4 transactions

Reference share price $458.11/share Price per share used for certain award and tax entries

Key Terms

Restricted Stock Units, Performance-based Restricted Stock, tax withholding, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

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

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, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transactions did CVCO executive Brian R. Cira report on this Form 4?

Brian R. Cira reported equity compensation changes in Cavco Industries stock, including grants and tax-related share surrender. The filing shows awards of common stock and Restricted Stock Units, plus shares withheld to satisfy tax obligations on vesting, rather than any open-market buying or selling.

How many Cavco Industries (CVCO) shares did Brian R. Cira receive or vest in?

The Form 4 shows 1,370 Cavco Industries common shares from FY2024 performance-based restricted stock and 308 newly granted Restricted Stock Units. These awards represent compensation, not market purchases, and are tied to both performance achievement and future time-based vesting over three years.

Why were 368 CVCO shares surrendered by Brian R. Cira in this filing?

The filing states that 368 Cavco Industries shares were surrendered to pay tax withholding on the release of Restricted Stock Units. This is coded as a tax-withholding disposition, meaning the shares covered tax liabilities and were not sold in the open market to outside investors.

What is the vesting schedule for Brian R. Cira’s new Cavco Restricted Stock Units?

The award of 308 Restricted Stock Units will pay out into Cavco common shares over three years. According to the filing, 33% vest on the first anniversary of the grant date, 33% on the second, and the remaining 34% on the third anniversary, subject to continued service.

How many CVCO shares does Brian R. Cira own after these Form 4 transactions?

After the reported transactions, Brian R. Cira directly holds 4,715 shares of Cavco Industries common stock. This total reflects the combination of newly vested performance-based restricted shares, the new Restricted Stock Unit grant, and shares surrendered to cover tax withholding obligations.

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^*

CIRA BRIAN R

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President,Manufactured Housing

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		308(1)	A	$0	3,345	D
Common Stock	05/18/2026		A		1,370(2)	A	$458.11	4,715	D
Common Stock	05/18/2026		F		368(3)	D	$458.11	4,347	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, attorney-in fact	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)