SCHUKNECHT SETH G 4
Research Summary
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Cavco (CVCO) EVP Seth Schuknecht Surrenders 41 Shares for Taxes
What Happened Seth G. Schuknecht, EVP and General Counsel of Cavco Industries (CVCO), surrendered 41 shares on April 18, 2026 to satisfy tax withholding related to the release of restricted stock units (RSUs). The shares were valued at $539.06 each, totaling $22,101. This was not a purchase but a share disposition for tax withholding purposes (transaction code F).
Key Details
- Transaction date: 2026-04-18; Filing date: 2026-04-21.
- Price per share: $539.06; Shares surrendered: 41; Total value ≈ $22,101.
- Transaction type: F (surrender of shares to cover tax withholding on RSU release).
- Shares owned after transaction: not specified in the provided data; filing notes 882 shares underlying RSUs are allocated but not yet vested or delivered.
- Footnotes: F1 — surrender for tax withholding on RSU release; F2 — includes 882 underlying RSUs not yet vested.
- No late-filing flag was provided in the information supplied.
Context This was a routine tax-withholding share surrender associated with RSU vesting (a common cashless-like settlement where shares are withheld to cover taxes). Such transactions typically reflect tax obligations rather than a decision to sell shares for investment reasons and don't necessarily indicate the insider's market view.