Form 4: Cavco Industries Director Susan L. Blount Executes Stock Option and Sells Shares
SEC Filing
Director Susan L. Blount exercised stock options and sold 2,000 shares of Cavco Industries Inc. common stock on September 12, 2024.
Summary
- On September 12, 2024, Susan L. Blount, a director of Cavco Industries Inc., exercised stock options to acquire 2,000 shares of common stock at a price of $141.16 per share.
- Simultaneously, Blount sold 2,000 shares of common stock at a weighted average price of $411.05, with individual sales prices ranging from $408.94 to $414.33.
- Following these transactions, Blount directly owns 2,836 shares of Cavco Industries Inc. common stock.
- Blount also holds options to purchase 8,000 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The director exercised options and sold shares, which is a common practice. The sentiment is neutral as there is no indication of positive or negative implications for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company directors, which can be of interest to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 01/08/2023 | Options became fully exercisable |
| 01/08/2026 | Expiration date of Non-Employee Director Stock Option |
| 09/12/2024 | Date of transaction: exercise of stock options and sale of shares |
| 09/16/2024 | Date of signature of the report |
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