Boor William C 4
Research Summary
AI-generated summary
Cavco (CVCO) CEO William Boor Surrenders 554 Shares for Tax Withholding
What Happened
- William C. Boor, President & CEO and a director of Cavco Industries (CVCO), surrendered 554 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 $252,491. This was a tax-withholding disposition (routine), not an open-market sale intended as investment action.
Key Details
- Transaction date and price: 2026-05-15; 554 shares at $455.76 per share (total $252,491).
- Transaction type: Payment of tax liability by surrender of shares (code F — tax withholding).
- Shares owned after transaction: Not specified in the provided excerpt; filing notes included unvested RSUs (see below).
- Filing date: Form 4 filed 2026-05-19 (transaction reported on 2026-05-15).
- Footnotes: F1 = surrender of shares to pay tax withholding on RSU release; F2 = filing includes 7,000 shares underlying RSUs that are allocated but not yet vested or delivered.
Context
- This was a cashless-style tax withholding on vested RSUs (shares surrendered to cover withholding), a common administrative transaction that typically reflects tax obligations rather than a deliberate buy/sell decision by the insider. It does not necessarily indicate a change in the insider’s view of the company.