Fackrell Regan 4

What Happened
Regan Fackrell, President (Standard Casualty), surrendered 10 shares of Cavco Industries (CVCO) on 2026-05-20 to satisfy tax withholding related to the release of restricted stock units (RSUs). The shares were valued at $495.11 each, for a total value of $4,951. This was not an open-market sale or a purchase, but a routine tax-withholding transaction.

Key Details

• Transaction date and price: 2026-05-20 — 10 shares at $495.11 each (total ~$4,951).
• Transaction code: F (payment of exercise price or tax liability); footnote F1: shares surrendered to pay tax withholding on RSU release.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing date: 2026-05-22 (filed two days after the transaction), which appears timely under Form 4 reporting rules.

Context
Surrendering shares to cover tax withholding on RSU vesting is a common, administrative action and does not necessarily reflect the insider’s view of the company. The amount here is small (~$5k), consistent with routine tax withholding rather than a market-driven sale.