CIRA BRIAN R 4

What Happened

• Brian R. Cira, President (Manufactured Housing) of Cavco Industries (CVCO), received equity awards on 2026-05-18 consisting of: 1,370 restricted stock units (RSUs) valued at $458.11 each (total $627,611) and 308 shares released from performance-based restricted stock (reported at $0). He also surrendered 368 shares to satisfy tax withholding obligations (disposed at $458.11, proceeds $168,584). Net result: a net increase of 1,310 shares from these transactions.

Key Details

• Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (within the typical 2-business-day filing window).
• Prices and values reported:
  • 308 shares @ $0.00 (release of prior performance-based restricted stock).
  • 1,370 RSUs @ $458.11 (acquired) = $627,611.
  • 368 shares surrendered @ $458.11 (disposed) = $168,584 (tax withholding).
• Shares owned after the transactions: not specified in the provided filing data.
• Footnotes:
  • F1: The 1,370-share award are RSUs that vest 33%/33%/34% over three years.
  • F2: The 308 shares are the release of FY2024 performance-based restricted stock.
  • F3: 368 shares were surrendered to cover tax withholding on RSU release.
• Transaction codes: A = Award/Grant/Acquisition; F = Payment of exercise price or tax liability (here, tax withholding).

Context

• These transactions are compensation-related (awards and tax withholding), not open-market buys or discretionary sales. RSUs vest over time per the footnote, so this reflects standard executive compensation rather than an immediate market bet.
• Surrendering shares to cover taxes is a routine administrative action and does not necessarily reflect sentiment about the company's stock.