Connolly Michael 4
4 · MALIBU BOATS, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Malibu Boats (MBUU) Director Michael Connolly Receives 761 Shares
What Happened
Michael Connolly, a director of Malibu Boats, was granted 761 stock units (reported as an acquisition/award) on April 1, 2026. The units were valued at $25.92 each, for a total grant value of $19,725. This was a compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely filing).
- Grant: 761 stock units @ $25.92 per unit = $19,725 total. (Transaction code A = Award/Grant)
- Reported holdings after this grant: 56,732 stock units/shares equivalent (includes 46,392 fully vested units + 9,579 deferred units + this 761-unit grant).
- Footnote summary:
- F1: Units issued per the Issuer's Directors' Compensation Policy in lieu of cash retainer.
- F2: The 761 stock units are fully vested but payable in shares upon a Payment Event (separation from service, change in control, or an elected in-service distribution date). Payment can be a lump sum within 30 days or annual installments over 5 or 10 years.
- F3: The filing notes 9,579 additional units with deferred vesting terms and 46,392 units that are fully vested and payable upon separation or change in control (or within 30 days thereafter).
- No indication of a 10b5‑1 plan, cashless exercise, gift, or tax‑withholding sale in this transaction.
Context
This is a routine director compensation award converting cash retainer into stock units. The units are described as fully vested but are payable only upon specified payment events, so Connolly did not receive tradable shares immediately. Such awards are common for non-employee directors and do not by themselves signal a buy/sell decision by the insider.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2][F3]2026-04-01$25.92/sh+761$19,725→ 61,243 total
Footnotes (3)
- [F1]Pursuant to the Issuer's Directors' Compensation Policy (the "Policy"), directors may elect that their cash annual retainer be converted into either fully vested (i) shares of the Issuer's Class A Common Stock or (ii) rights to receive an award of stock units that will be paid on a deferred basis. In accordance with the reporting person's election, the reporting person was issued 761 stock units for the portion of the annual retainer earned for the quarterly period ended March 31, 2026.
- [F2]The stock units are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon the first to occur of (A) the date of the reporting person's separation from service, (B) the occurrence of a change in control under the Issuer's Long-Term Incentive Plan or (C) an in-service distribution date elected by the reporting person (each, a "Payment Event"). The reporting person may elect whether amounts becoming payable shall be paid in a lump-sum within 30 days following the Payment Event, or in annual installments over a period of 5 years or 10 years.
- [F3]Includes 9,579 stock units with vesting terms described in footnote 2 and 46,392 stock units that are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon or as soon as practicable, and in all events within 30 days, following the first to occur of (A) the date of the reporting person's separation from service or (B) the occurrence of a change in control under the Issuer's equity incentive plans.