Cavco Industries (CVCO) exec surrenders shares for RSU tax withholding

Rhea-AI Filing Summary

Cavco Industries executive Jack S. Brandom, President of Financial Services, surrendered 11 shares of common stock on May 22, 2026 at $509.17 per share to pay tax withholding on the release of Restricted Stock Units. After this tax-withholding disposition, he directly holds 1,354 shares of Cavco Industries common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BRANDOM JACK S

Role President, Financial Services

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	11	$509.17	$6K

Holdings After Transaction: Common Stock — 1,354 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares surrendered: 11 shares Per-share value: $509.17 per share Shares held after transaction: 1,354 shares

3 metrics

Shares surrendered 11 shares Tax-withholding disposition on May 22, 2026

Per-share value $509.17 per share Value used for tax-withholding share surrender

Shares held after transaction 1,354 shares Direct ownership after tax-withholding disposition

Key Terms

Restricted Stock Units, tax withholding, Payment of exercise price or tax liability by delivering securities, tax-withholding disposition

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.

Payment of exercise price or tax liability by delivering securities financial

"Payment of exercise price or tax liability by delivering securities"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

BRANDOM JACK S

(Last) (First) (Middle)

C/O 3636 N CENTRAL AVE

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, Financial Services

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		F		11(1)	D	$509.17	1,354	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. Surrender of shares for payment of tax withholding on release of Restricted Stock Units.

Remarks:

	/s/ Seth G. Schuknecht, attorney-in fact	05/26/2026
	** 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)

FAQ

What insider transaction did Cavco Industries (CVCO) report for Jack S. Brandom?

Cavco Industries reported that executive Jack S. Brandom surrendered 11 shares of common stock on May 22, 2026. The disposition was a tax-withholding transaction related to the release of Restricted Stock Units, not an open-market purchase or sale of shares.

How many Cavco Industries (CVCO) shares were surrendered for tax withholding?

Jack S. Brandom surrendered 11 shares of Cavco Industries common stock for tax withholding. According to the disclosure, this was done in connection with the release of Restricted Stock Units, using shares instead of cash to satisfy the associated tax liability.

At what price were the Cavco Industries (CVCO) shares valued in this Form 4 transaction?

The surrendered Cavco Industries shares were valued at $509.17 per share in this Form 4 transaction. This price is used to calculate the value of shares delivered to cover tax withholding obligations tied to the release of Restricted Stock Units.

How many Cavco Industries (CVCO) shares does Jack S. Brandom hold after this transaction?

Following the tax-withholding disposition, Jack S. Brandom directly holds 1,354 shares of Cavco Industries common stock. This figure reflects his post-transaction ownership after 11 shares were surrendered to satisfy tax obligations on Restricted Stock Units.

Was the Cavco Industries (CVCO) insider transaction an open-market sale?

No. The Form 4 describes the event as a tax-withholding disposition, not an open-market sale. Shares were surrendered to pay tax withholding on the release of Restricted Stock Units, as noted in the transaction code description and accompanying footnote.