Form 4: Cavco Industries Executive Matthew Nino Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Matthew Nino, President of Retail at Cavco Industries, reports disposing of shares to cover tax withholding obligations related to the release of restricted stock units.
Summary
- On May 24 and May 25, 2024, Matthew Nino, President of Retail at Cavco Industries, disposed of shares of common stock to cover tax withholding obligations.
- On May 24, 2024, 24 shares were disposed of at a price of $347.88.
- On May 25, 2024, 56 shares were disposed of at a price of $347.88.
- Following these transactions, Nino directly owns 1,665 shares of Cavco Industries common stock, which includes 771 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax-related stock disposals and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Disposal of 24 shares of common stock for tax withholding. |
| 05/25/2024 | Disposal of 56 shares of common stock for tax withholding. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
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