BIGBEE PAUL 4
Research Summary
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Cavco (CVCO) Chief Accounting Officer Surrenders 31 Shares for Taxes
What Happened Paul Bigbee, Chief Accounting Officer of Cavco Industries (CVCO), surrendered 31 shares on May 22, 2026 to satisfy tax withholding related to the release of restricted stock units. The shares were valued at $509.17 each, totaling about $15,784. This was a tax-withholding disposition (not an open-market sale), so it is a routine administrative transaction rather than a directional bet on the stock.
Key Details
- Transaction date: 2026-05-22
- Price per share: $509.17; total value ~ $15,784
- Transaction code: F — surrender of shares for tax withholding on RSU release (footnote F1)
- Shares owned after transaction: not specified in the provided filing summary
- Filing date: 2026-05-27. The Form 4 was filed five calendar days after the transaction (after the typical 2-business-day deadline), so the filing appears late.
Context This was a cashless surrender of shares to cover tax obligations when restricted stock units vested. Such withholdings are common and do not necessarily indicate insider sentiment about the company's prospects.