Form 4: Cavco Industries EVP, CFO & Treasurer Allison Aden Reports Stock Disposals for Tax Withholding
SEC Form 4 Filing
Allison Aden, EVP, CFO & Treasurer of Cavco Industries, reported disposing of shares to cover tax withholding obligations upon the vesting of Restricted Stock Units.
Summary
- On August 30, 2024, Allison Aden, the EVP, CFO & Treasurer of Cavco Industries Inc., disposed of 88 shares of common stock at a price of $413.32 per share to cover tax withholding upon the vesting of Restricted Stock Units (RSUs) granted on August 30, 2021.
- Additionally, Aden disposed of 117 shares of common stock at the same price to cover tax withholding upon the vesting of RSUs granted on May 22, 2024.
- Following these transactions, Aden directly owns 6,289 shares of Cavco Industries Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. Disposals for tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from vesting RSUs.
Key Dates
| Date | Description |
|---|---|
| August 30, 2021 | Date of RSU grant related to the disposal of 88 shares. |
| May 22, 2024 | Date of RSU grant related to the disposal of 117 shares. |
| August 30, 2024 | Date of the reported transactions (stock disposals). |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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