Calavo Growers (CVGW) CEO exercises RSUs, 1,587 shares used for taxes
Rhea-AI Filing Summary
CALAVO GROWERS INC Chief Executive Officer Bruce John Lindeman reported equity compensation-related transactions involving company stock. On April 23, 2026, he exercised derivative awards classified as restricted stock units to acquire 4,259 shares of common stock at an exercise price of $0.0000 per share.
On the same date, 1,587 shares of common stock were disposed of in a tax-withholding transaction at $27.86 per share to cover obligations tied to the award. After these transactions, Lindeman directly held 24,556 shares of CALAVO GROWERS INC common stock. Footnotes also describe separate restricted stock units representing a contingent right to receive 2,220 shares of common stock, which fully vested earlier with receipt deferred under the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,672 shares
Net Buy
4 txns
Insider
Lindeman Bruce John
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,259 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,259 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,587 | $27.86 | $44K |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,220 shares (Direct);
Common Stock — 24,556 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of CVGW common stock.
- F2. The restricted stock units fully vest on the date of that is the earlier of (i) the one-year anniversary of the date of grant, or (ii) Calavo Growers, Inc.'s 2026 annual meeting of shareholders provided such annual meeting occurs on or after April 8, 2026.
- F3. The restricted stock units fully vested on April 23, 2025, and the reporting person's receipt of 2,220 shares of common stock was deferred pursuant to the restricted stock unit award agreement between the reporting person and Calavo Growers, Inc.
Key Figures
RSU shares exercised: 4,259 shares
Exercise price: $0.0000 per share
Shares for tax withholding: 1,587 shares
+3 more
6 metrics
RSU shares exercised
4,259 shares
Derivative awards exercised on April 23, 2026
Exercise price
$0.0000 per share
Price for RSU-related derivative exercise
Shares for tax withholding
1,587 shares
Disposed at $27.86 in tax-withholding transaction
Tax-withholding share price
$27.86 per share
Price for 1,587 shares delivered for tax liability
Shares held after transactions
24,556 shares
Direct common stock holdings following reported activity
Deferred RSU underlying shares
2,220 shares
Vested restricted stock units with deferred receipt
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of CVGW common stock."
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 disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
contingent right financial
"represents a contingent right to receive one share of CVGW common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CALAVO GROWERS INC (CVGW) CEO Bruce John Lindeman report on this Form 4?
Bruce John Lindeman reported equity compensation activity involving restricted stock units and common stock. He exercised derivative awards into 4,259 common shares and had 1,587 shares withheld to satisfy related tax obligations, reflecting routine compensation rather than open-market buying or selling.
What restricted stock units are still associated with CALAVO GROWERS INC (CVGW) in this filing?
The filing describes restricted stock units representing a contingent right to receive 2,220 common shares. Footnotes state these units fully vested earlier, with receipt of the 2,220 shares deferred under the restricted stock unit award agreement between Lindeman and CALAVO GROWERS INC.
Do these CALAVO GROWERS INC (CVGW) Form 4 transactions involve open-market buying or selling?
The transactions involve derivative exercise and tax-withholding disposition, not open-market trades. The code M reflects exercise of derivative securities, while code F indicates shares delivered to cover exercise price or tax liabilities related to equity compensation awards, rather than discretionary market transactions.