Allison Aden - May 21, 2024 Form 4 Insider Report for CAVCO INDUSTRIES INC. (CVCO)

Role
EVP, CFO & Treasurer
Signature
/s/ Seth G. Schuknecht, attorney-in fact
Stock symbol
CVCO
Transactions as of
May 21, 2024
Transactions value $
-$142,423
Form type
4
Date filed
5/23/2024, 06:42 PM
Previous filing
May 17, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVCO Common Stock Award $0 +971 +24.96% $0.00 4.86K May 21, 2024 Direct F1
transaction CVCO Common Stock Tax liability -$98.6K -272 -5.59% $362.36 4.59K May 21, 2024 Direct F2
transaction CVCO Common Stock Award $0 +1.36K +29.56% $0.00 5.95K May 22, 2024 Direct F3
transaction CVCO Common Stock Award $0 +420 +7.06% $0.00 6.37K May 22, 2024 Direct F4
transaction CVCO Common Stock Award $0 +444 +6.97% $0.00 6.81K May 22, 2024 Direct F5
transaction CVCO Common Stock Tax liability -$43.9K -124 -1.82% $353.72 6.69K May 22, 2024 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of FY22-24 Performance-based Restricted Stock Units ("RSUs").
F2 Surrender of shares for payment of tax withholding on release of Performance-based RSUs.
F3 This is an award of RSUs which will pay out into shares of Common Stock of the Company as follows: 33% on the first anniversary of the grant date, 33% on the second anniversary of the grant date and 34% on the third anniversary of the grant date.
F4 This is an award of RSUs that will vest 100% on August 30, 2024, to true-up the pro-rated long-term incentive compensation granted to the reporting person in her initial year of employment with the Company to align with her 3-year vesting period of the award disclosed in the Form 4 filed by the reporting person on August 31, 2021, with a grant date of August 30, 2021.
F5 This is an award of RSUs that will vest 100% on the grant date, awarded to true-up the pro-rated long-term incentive compensation granted to the reporting person in her initial year of employment with the Company to align with her 3-year vesting period of the award referenced in Footnote 1.
F6 Surrender of shares for payment of tax withholding on vesting of RSUs referenced in Footnote 5.
F7 Includes 4,460 shares underlying Restricted Stock Units allocated but not yet vested or delivered.