Cavco (CVCO) President Matthew Nino Surrenders 29 Shares for Taxes

What Happened
Matthew A. Nino, President (Retail) of Cavco Industries (CVCO), surrendered 29 shares on 2026-05-15 to satisfy tax withholding related to the release of restricted stock units (RSUs). The shares were valued at $455.76 each, totaling approximately $13,217. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-15; Filed with the SEC: 2026-05-19 (appears to be filed within the required reporting window).
• Price per share: $455.76; Shares surrendered: 29; Total value: ~$13,217.
• Transaction code: F — surrender of shares to cover tax withholding on RSU release (Footnote F1).
• Filing notes 459 shares underlying RSUs allocated but not yet vested/delivered (Footnote F2).
• The Form 4 does not specify total shares owned following this withholding event.

Context
Surrendering shares to cover taxes on RSU vesting is an administrative action and is common; it does not represent a market sale or an expressed change in insider conviction. For retail investors, these actions are typically neutral signals compared with open-market purchases or sales.