SCHUKNECHT SETH G 4
Research Summary
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CAVCO EVP Seth Schuknecht Surrenders 54 Shares for Tax Withholding
What Happened Seth G. Schuknecht, EVP and General Counsel of CAVCO Industries (CVCO), surrendered 54 shares on 2026-05-20 to cover tax withholding related to the release of restricted stock units. The shares were valued at $495.11 each, for a total of $26,736. This was a tax-withholding surrender (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-05-20; Form filed: 2026-05-22 (timely filing).
- Shares surrendered/disposed: 54 shares at $495.11 per share; total ≈ $26,736.
- Transaction code: F — tax withholding for RSU release (footnote: "Surrender of shares for payment of tax withholding on release of Restricted Stock Units").
- Shares owned after transaction: not specified in the provided filing.
Context Surrendering shares to cover withholding on vested RSUs is a routine administrative step and does not necessarily signal a change in the insider’s view of the company. This transaction is distinct from a sale on the open market; it simply satisfies tax obligations associated with equity compensation.