CAVCO (CVCO) Director Richard Kerley Receives 225 RSUs

What Happened

• Richard A. Kerley, a director of CAVCO Industries, Inc. (CVCO), received an award of 225 restricted stock units (RSUs) on 2026-07-27. The grant shows 225 shares at $0.00 (no cash purchase); total reported value $0.
• This is an award/grant (transaction code A) that will convert into shares of common stock when the RSUs vest; it is not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-27; Form 4 filed 2026-07-29 covering that date.
• Grant amount and price: 225 RSUs @ $0.00; reported aggregate value $0.
• Vesting/settlement: Per the filing footnote, RSUs will convert to shares on the earlier of (a) the 12-month anniversary of the grant or (b) the company’s next annual meeting of stockholders. (Footnote F1)
• Unvested status: The 225 shares are underlying RSUs that are allocated but not yet vested or delivered. (Footnote F2)
• Shares owned after transaction: The filing excerpt provided does not state total shares owned after this grant.
• Filing timeliness: Form 4 was filed two days after the grant date; the filing shows the report date 2026-07-29 for the 2026-07-27 transaction and does not indicate a late-status flag in the information provided.

Context

• RSU grants are a form of compensation and do not require the insider to pay cash now; they become ordinary shares only upon vesting. Such awards are routine for directors and executives and are not the same signal as an open-market purchase or sale.