Connolly Michael 4

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.