Boor William C 4

What Happened

• William C. Boor, President, CEO and a director of Cavco Industries (CVCO), received equity awards on 2026-05-18. The filing shows an award of 10,963 shares valued at $458.11 each (total ≈ $5,022,260) labeled as release of FY2024 performance-based restricted stock. Separately, 4,350 restricted stock units were reported as awarded (subject to multi-year vesting). To cover tax withholding on the release, 4,701 shares were surrendered (disposed) at the same per-share value, reported as a tax-withholding disposition totaling about $2,153,575.
• These transactions are awards (A) and a tax-withholding disposition (F)—not an open-market purchase or sale for investment reasons.

Key Details

• Transaction date: May 18, 2026. Filing date: May 20, 2026 (timely within reporting window).
• Awarded: 10,963 shares @ $458.11 each (≈ $5,022,260) — noted as FY2024 performance-based restricted stock.
• Awarded/subject to vesting: 4,350 restricted stock units (RSUs) that pay out into shares on a 33%/33%/34% schedule over three years.
• Tax withholding: 4,701 shares surrendered @ $458.11 each (≈ $2,153,575) to satisfy tax obligations on the released RSUs.
• Shares owned after the reported transactions: not specified in the summary provided; see the full Form 4 for total holdings.
• Footnotes: F1 = RSU payout schedule (33%/33%/34%); F2 = release of FY2024 performance-based restricted stock; F3 = surrender of shares for tax withholding.
• Filing timeliness: Reported May 20 for May 18 transactions — appears timely (no late filing flag).

Context

• These were equity awards and a routine tax-withholding surrender, not an open-market sale by the insider. Performance-based RSUs (F2) typically reflect company compensation decisions and may vest based on performance metrics or time; the separate RSUs (F1) vest over three years (33/33/34).
• The surrender of shares to cover taxes (code F) is common and should not be read as a directional market signal. For precise post-transaction ownership and additional details, consult the complete SEC Form 4 (accession 0001628280-26-037020).