The insider cluster is dominated by mandatory CEO tax withholding and trivial open-market sales by lower-ranking officers — no bearish signal. The strong earnings beat and buyback authorization are the dominant narrative. Monitor for any discretionary insider sales in the coming weeks, but this cluster alone does not warrant action.
Price Chart
Executive Summary
Cavco Industries CEO William Boor exercised 13,100 derivative shares and surrendered 6,809 shares for tax withholding ($3.7M), while the Chief Accounting Officer sold 200 shares ($108K) and a division president sold 31 shares ($16K). The CEO's transactions are non-cash exercises and mandatory tax withholding, not discretionary selling; the open-market sales by other insiders total only $124K, representing ~0.003% of Cavco's $4.1B market cap — trivial and routine. The cluster follows strong Q4 earnings (EPS beat by 2.3%) and a new $150M buyback authorization, providing no bearish signal.
Key Financial Metrics
Key Facts
- CEO Boor exercised 13,100 derivative shares at $0 and $158.36, then surrendered 6,809 shares for tax withholding ($3.7M) — no discretionary selling
- Chief Accounting Officer Paul Bigbee sold 200 shares open-market for $108K
- Division president Brian Cira sold 31 shares open-market for $16K
- Total open-market sales: $124K, or ~0.003% of $4.1B market cap
- Cluster follows fiscal Q4 2026 earnings beat (EPS $5.42 vs. $5.30 consensus) and $150M buyback authorization
- No 10b5-1 plan information provided, but the CEO's tax-withholding sale is mandatory and non-discretionary
Financial Impact
Open-market sales total $124K, immaterial relative to $4.1B market cap
Risk Factors
- Factory-built housing gross margins contracted 110 bps to 21.2% in Q4 — a potential headwind if trend continues
- Home sales volume declined 0.7% in the quarter, signaling possible demand softness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVCO-1780355774527 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $547.44 | awaiting T+60 | — | $531.88 (−2.84%) |
Jul 23, 2026 13w ago | Press Release | $569.77 $510.97 | ▼ −10.32% | ▼ −14.05% | $531.88 (−6.65%) |
Jun 16, 2026 18w ago | DEFA14A | $604.47 $523.35 | ▼ −13.42% | ▼ −14.42% | $531.88 (−12.01%) |
Jun 15, 2026 18w ago | Insider Cluster | $604.47 $523.35 | ▼ −13.42% | ▼ −14.42% | $531.88 (−12.01%) |
Jun 1, 2026 20w ago | Insider Cluster | $545.93 $577.37 | ▲ +5.76% | ▲ +4.64% | $531.88 (−2.57%) |
May 27, 2026 21w ago | Insider Cluster | $538.44 $582.55 | ▲ +8.19% | ▲ +6.46% | $531.88 (−1.22%) |
May 22, 2026 22w ago | 8-K | $509.17 $584.77 | ▲ +14.85% | ▲ +11.66% | $531.88 (+4.46%) |
May 21, 2026 22w ago | Press Release | $509.17 $584.77 | ▲ +14.85% | ▲ +11.66% | $531.88 (+4.46%) |
May 14, 2026 23w ago | Press Release | $455.76 $594.18 | ▲ +30.37% | ▲ +25.86% | $531.88 (+16.70%) |
US Market Status
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