BIGBEE PAUL 4

What Happened

• Paul Bigbee, Chief Accounting Officer of Cavco Industries (CVCO), received restricted stock unit (RSU) awards on 2026-05-18. The filing shows two award entries: 185 shares reported at $0.00 and 783 shares reported at $458.11 per share (total reported value $358,700). On the same date, 336 shares were surrendered to cover tax withholding, reported at $458.11 per share (value $153,925).
• Net effect: 968 shares were issued (185 + 783) and 336 shares were surrendered for taxes, for a net increase of 632 shares. The filing treats the 783-share award as having a reported grant value of $358,700.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (timely).
• Reported prices/values: 783 shares @ $458.11 = $358,700; 336 shares withheld @ $458.11 = $153,925; 185 shares @ $0.00.
• Transaction codes: A = Award/Grant; F = Payment of tax liability (share surrender for withholding).
• Footnotes: F1—these are RSUs that vest/payout 33%/33%/34% over three anniversaries; F2—release of FY2024 performance-based restricted stock; F3—shares surrendered to satisfy tax withholding on RSU release.
• Shares owned after the transactions are not provided in the excerpt; see the full Form 4 for total holdings.

Context

• This was an award of RSUs (not an open-market purchase or sale). The surrender of 336 shares is a routine tax-withholding action common when RSUs vest and does not necessarily signal a voluntary sale for cash.
• The RSUs include time- or performance-based components (footnotes note a FY2024 performance release and multi-year payout schedule), so remaining shares may vest over future anniversaries.