BRANDOM JACK S 4

What Happened
Jack S. Brandom, President (Financial Services) of Cavco Industries, surrendered 11 shares on May 22, 2026 to satisfy tax withholding related to the release of restricted stock units (RSUs). The shares were valued at $509.17 each, for a total of $5,601. This was not an open-market sale intended to raise cash or signal a view on the stock — it was a routine tax-withholding disposition.

Key Details

• Transaction date: 2026-05-22; Filing date: 2026-05-27.
• Price: $509.17 per share; Shares surrendered/disposed: 11; Total value: $5,601.
• Transaction code: F (surrender of shares to satisfy tax withholding on RSU release).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Filing timeliness: The Form 4 was filed five days after the transaction; this is later than the typical two-business-day reporting window and appears to be delayed.

Context
Surrenders to cover tax withholding (code F) are common after RSUs vest — the company withholds or the insider surrenders a portion of vested shares to meet payroll tax obligations. These transactions are administrative and generally do not reflect the insider’s buying or selling intent regarding the company’s prospects.