Company: CVCO
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0000278166-25-000097
Chunk: 33

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 33
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 following it relating to the period beginning March 31, 2024, and ending on March 29, 2025 ("FY2025").

### Overview of the Company’s Compensation Program
The Company’s FY2025 executive compensation program consisted of three components: (1) cash compensation comprised of an annual base salary, (2) short-term incentive compensation comprised of a cash bonus and/or cash incentive compensation, and (3) long-term incentive compensation, which consisted of awards of RSUs (i.e., time-based equity awards) and performance-based restricted stock units (“PRSUs”) that vest upon the achievement of preapproved Company performance measures over a set period of time.

| Component     |     | Key Elements                                                                                                                  |
| Base Salaries |     | Market based to attract and retain an effective executive team                                                                |
| Short-Term    
 Incentive     
 Compensation  |     | •Performance-based short-term incentive program                                                                               
 •For several positions, a portion of the award potential is determined by individual performance targets                      
 •Bonus payouts capped at 200% of target                                                                                       |
| Long-Term     
 Incentive     
 Compensation  |     | •Equity issued as RSUs and PRSUs pursuant to the Company’s 2023 Omnibus Equity Incentive Plan (the “2023 Stock Plan”)         
 •RSU grants based on a targeted dollar value on grant date that vest annually over 3 years                                    
 •PRSU grants that are earned based upon Company achievement of 3-year targets; settlements are capped at 200% of target award |

#### Compensation Philosophy
We believe that our executive compensation program should align with the interests of our stockholders and be tied to performance. We view our compensation practices as a means for motivating and rewarding employees in relation to their accomplishments. Our approach is to provide incentive driven market-based compensation programs with the objective of hiring and retaining the talent best suited to deliver sustained high performance to the Company and its stockholders and the customers we serve.

#### Cavco Industries, Inc.www.cavco.com27
| Executive Compensation |

Objectives of the Company’s FY2025 Executive Compensation Program

The Company’s executive compensation program was structured to achieve the following objectives:

• create an incentive to increase stockholder returns by establishing a direct and substantial link between individual compensation and certain measures of the Company that we believe have a direct effect on stockholder value;

• attract, retain, and motivate highly qualified and talented executives, enabling the Company to deliver superior results; and

• create substantial and competitive