Cavco Industries (CVCO) CEO nets 5,213 new shares in option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cavco Industries President & CEO William C. Boor exercised non-qualified stock options for 10,200 shares of common stock at an exercise price of $125.69 per share. This was a net exercise with the company, and no market transaction occurred.
To cover the option exercise price and related taxes, he surrendered 4,987 shares of common stock based on a closing price of $519.67 per share, receiving 5,213 net new shares. Following these transactions, he directly holds 53,235 common shares, with an additional 380 shares held indirectly by his spouse and 8,292 shares underlying restricted stock units that are allocated but not yet vested or delivered.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,200 shares exercised/converted
Mixed
4 txns
Insider
Boor William C
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 10,200 | $0.00 | -- |
| Exercise | Common Stock | 10,200 | $125.69 | $1.28M |
| Tax Withholding | Common Stock | 4,987 | $519.67 | $2.59M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 58,222 shares (Direct);
Common Stock — 380 shares (Indirect, By Spouse)
Footnotes (1)
- This was a net exercise of these options with the Issuer and no market transaction was made. Mr. Boor received 5,213 shares of common stock upon net exercise of these options. Mr. Boor surrendered 4,987 shares of common stock in total to cover the option exercise price and tax withholding based on the closing stock price of the Issuer on April 9, 2026, of $519.67. Includes 8,292 shares underlying Restricted Stock Units allocated but not yet vested or delivered. These options vested in equal amounts on April 15, 2020, April 15, 2021 and April 15, 2022, respectively, and were due to expire on April 15, 2026.
Key Figures
Options exercised: 10,200 shares
Option exercise price: $125.69/share
Shares surrendered for costs and taxes: 4,987 shares
+5 more
8 metrics
Options exercised
10,200 shares
Non-qualified stock options exercised on April 10, 2026
Option exercise price
$125.69/share
Exercise price for non-qualified stock options
Shares surrendered for costs and taxes
4,987 shares
Shares delivered to cover exercise price and tax withholding
Reference stock price
$519.67/share
Cavco closing stock price on April 9, 2026
Net shares received
5,213 shares
Net common shares received from the option net exercise
Direct holdings after transaction
53,235 shares
Common stock directly owned by CEO after April 10, 2026
Indirect spouse holdings
380 shares
Common stock held indirectly by spouse
Unvested RSUs
8,292 shares
Shares underlying restricted stock units not yet vested or delivered
Key Terms
Non-Qualified Stock Option, net exercise, Restricted Stock Units, tax withholding
4 terms
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
net exercise financial
"This was a net exercise of these options with the Issuer"
Restricted Stock Units financial
"Includes 8,292 shares underlying Restricted Stock Units allocated"
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
"to cover the option exercise price and tax withholding"
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.
FAQ
What did Cavco Industries (CVCO) CEO William Boor do in this Form 4 filing?
Cavco Industries CEO William Boor exercised options for 10,200 shares of common stock. The exercise was handled as a net share transaction with the company, not an open-market trade, leaving him with additional directly held shares afterward.
How many Cavco Industries (CVCO) options did the CEO exercise and at what price?
He exercised 10,200 non-qualified stock options at an exercise price of $125.69 per share. These options had vested previously in equal amounts over three years and were approaching their April 15, 2026 expiration date.
How were taxes and exercise costs covered in the Cavco Industries (CVCO) CEO’s transaction?
William Boor surrendered 4,987 shares of Cavco Industries common stock to cover the option exercise price and tax withholding. The value was based on the company’s $519.67 closing stock price on April 9, 2026, instead of using cash.
Was the Cavco Industries (CVCO) CEO’s Form 4 transaction an open-market sale?
No. The filing states the option exercise was a net exercise with the issuer and that no market transaction occurred. Shares surrendered were used solely to pay the option exercise price and related tax withholding obligations.