Company: CVCO
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0000278166-25-000097
Chunk: 41

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 41
---
 and each rTSR comparator company are arranged by their respective total shareholder returns (highest to lowest).

Based on the metrics above for the FY2023 PRSUs, the number of PRSUs issued to each NEO in May 2025 and the percentage of target this payout represented are set forth in the following table:

| NEO                                 |     |   FY2023 PRSU 
 Target Payout 
    (

# shares) |     |   FY2023 PRSU 
 Actual Payout 
    (

# shares) |     | FY2023 PRSU          
 Actual               
 Percentage of Target 
 (%)                  |
| Bill Boor, CEO                      |     |         5,480 |     |         8,481 |     | 155%                 |
| Allison Aden, CFO                   |     |         1,910 |     |         2,956 |     | 155%                 |
| Brian Cira, President (Mfg.)        |     |           840 |     |         1,300 |     | 155%                 |
| Matt Niño, President (Ret.)         |     |           600 |     |           928 |     | 155%                 |
| Seth Schuknecht, General Counsel(1) |     |             — |     |             — |     | —%                   |

(1) Mr. Schuknecht was not awarded FY2023 PRSUs because he was not with the Company in FY2023.

#### Perquisites and Other Compensation
Cavco does not offer significant perquisites to its NEOs. The NEOs may participate in the Company’s 401(k) plan and other health and welfare programs that are available to all other full-time employees. Amounts contributed by the Company to our NEOs under Cavco's 401(k) plan are reflected in the All Other Compensation column in the Summary Compensation Table below.

#### Employment and Severance Agreements
The Company is a party to an employment agreement with Mr. Boor, effective as of April 15, 2019, and Severance Agreements with Ms. Aden, effective as of November 2, 2021, and Mr. Schuknecht, effective February 13, 2024. A description of the key provisions of these agreements follows. During FY2025, the Company did not have written or oral employment or severance agreements with Messrs. Cira and Niño.

Bill Boor’s Employment Agreement