Nino Matthew A 4

What Happened

Matthew A. Nino, President (Retail) of Cavco Industries (CVCO), was granted restricted stock units (RSUs) on 2026-05-18. The filing shows: 979 RSUs reported at $458.11 per share (total value $448,490) and an additional 264 shares reported at $0.00 (acquired). To satisfy tax withholding on the RSU release, 242 shares were surrendered (disposed) at $458.11 per share for a reported value of $110,863. These were awards and tax-withholding actions, not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (appears timely).
• Awards: 979 RSUs @ $458.11 (value $448,490) and 264 shares @ $0.00 (acquired).
• Tax withholding: 242 shares surrendered @ $458.11 (value $110,863) to cover taxes.
• Shares owned after transaction: not specified in the information provided on the filing.
• Footnotes: F1 = RSUs vest 33%/33%/34% over three years; F2 = release of FY2024 performance-based restricted stock; F3 = surrendered shares used to pay tax withholding.

Context

• These were compensation awards (RSU release) rather than market purchases or discretionary sales. RSUs vest over time per F1, so the grant is compensation, not necessarily a direct bullish signal.
• The surrender of shares to cover taxes is routine when RSUs vest (a cashless withholding-type action).