Dragash Mickey R 4
4 · CAVCO INDUSTRIES INC. · Filed Jun 25, 2019
Insider Transaction Report
Form 4
Dragash Mickey R
EVP, General Counsel
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2019-06-21+2,300→ 2,300 totalExercise: $158.36Exp: 2026-06-21→ Common Stock (2,300 underlying) - Award
Performance Based Restricted Stock Units
2019-06-21+250→ 250 totalExercise: $0.00Exp: 2019-06-21→ Common Stock (250 underlying)
Footnotes (2)
- [F1]This award shall vest 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.
- [F2]Each performance based restricted stock unit represents a contingent right to receive one share of Cavco common stock and will vest after a three-year performance period at a level of 60% for "threshold" performance, 100% for "target" performance, and 120% for "stretch" performance levels based on the Total Shareholder Return relative to companies in the JP Morgan iDex Housing Index. The amount in column 5 reflects the number of shares that would vest assuming target level performance.