Form 4: Cavco Industries CEO William Boor Reports Stock Transaction
SEC Form 4 Filing
William Boor, President & CEO of Cavco Industries, reports the surrender of 538 shares of common stock to cover tax withholding upon the release of Restricted Stock Units (RSUs).
Summary
- On May 15, 2024, William Boor, the President & CEO of Cavco Industries, surrendered 538 shares of common stock.
- The transaction was to cover tax withholding obligations related to the release of Restricted Stock Units (RSUs).
- The price per share for the transaction was $391.16.
- Following the transaction, Mr. Boor directly owns 31,809 shares of Cavco Industries common stock.
- This total includes 7,750 shares underlying Restricted Stock Units that have been allocated but not yet vested or delivered.
- Mr. Boor also indirectly owns 380 shares through his spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (surrender of shares for tax withholding). |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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