Seth G. Schuknecht - 22 May 2024 Form 4 Insider Report for CAVCO INDUSTRIES INC. (CVCO)

Signature
/s/ Seth G. Schuknecht
Issuer symbol
CVCO
Transactions as of
22 May 2024
Net transactions value
$0
Form type
4
Filing time
23 May 2024, 18:43:11 UTC
Previous filing
19 Apr 2024
Next filing
14 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVCO Common Stock Award $0 +452 +135% $0.000000 788 22 May 2024 Direct F1
transaction CVCO Common Stock Award $0 +229 +29% $0.000000 1,017 22 May 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is an award of Restricted Stock Units ("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.
F2 This is an award of RSUs to true-up the pro-rated long-term incentive compensation granted to the reporting person in his initial year of employment with the Company consistent with his offer letter, to align with his 3-year vesting period of the award disclosed in the Form 4 filed by the reporting person on April 19, 2024, with a grant date of April 18, 2024. This award of RSUs will vest 33% on April 18, 2025; 33% on April 18, 2026; and 34% on April 18, 2027.
F3 Includes 1,017 shares underlying Restricted Stock Units allocated but not yet vested or delivered.