Marinemax Inc: EVP Shawn Berg exercised 13,722 shares

What happened

• Shawn Berg, EVP and chief digital officer, exercised restricted stock units that resulted in acquisition of 13,722 shares on Sep 30, 2026. The filing shows exercises of 7,010; 1,781; 2,029; and 2,902 RSUs at $0.00 per share.
• The filing also shows 3,343 shares were surrendered to satisfy tax withholding at $52.30 per share for total value $174,839.

Key details

• Transaction date: Sep 30, 2026. Exercise transactions coded M (exercise or conversion of derivative); tax withholding coded F (payment of exercise price or tax liability).
• Exercise price reported: $0.00 per share for the RSU conversions. Tax withholding: 3,343 shares at $52.30 per share totaling $174,839.
• Shares owned after the transaction: not stated in the filing provided.
• Relevant footnotes from the filing:
  • F1: Each restricted stock unit represents a contingent right to receive one share of common stock.
  • F2: Performance-based RSUs vest on Sep 30, 2026; awarded Nov 17, 2023 and tied to inventory management and operations during fiscal 2024.
  • F3: Some RSUs vest in three annual installments beginning Sep 30, 2024.
  • F4: Some RSUs vest in three annual installments beginning Sep 30, 2025.
  • F5: Some RSUs vest in three annual installments beginning Sep 30, 2026.
• Form filed Oct 02, 2026; the filing does not indicate it was late.

Why it may matter

• The filing reports conversion of RSUs into shares and a withholding of 3,343 shares to cover taxes, which is a non-cash disposition to satisfy tax obligations rather than a market sale.
• Transaction codes: M = exercise/conversion of derivative; F = tax withholding/payment of exercise price or tax liability.
• A filing does not show why the insider traded or why the company acted.