Connolly Michael 4
4 · MALIBU BOATS, INC. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Malibu Boats Director Michael Connolly Receives 727-Share Award
What Happened
- Michael Connolly, a director of Malibu Boats, received an award of 727 stock units on July 1, 2026. The units are reported at $27.43 each, for a total value of $19,942. The transaction is recorded as an award/acquisition (code A) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; Price per unit: $27.43; Units issued: 727; Reported value: $19,942.
- These 727 stock units were issued in lieu of a portion of Connolly's cash director retainer under the Issuer's Directors' Compensation Policy (Footnote F1).
- The stock units are fully vested and payable in shares upon a "Payment Event" (separation from service, change in control, or an elected in-service distribution). The holder may choose lump-sum or installment payout (5- or 10-year) (Footnote F2).
- The filing notes the reporting person's broader holdings include 10,306 stock units with similar deferred-payment terms and 46,392 fully vested units payable upon separation/change in control (Footnote F3). That implies at least 57,425 stock units when including this grant (46,392 + 10,306 + 727).
- Filing timeliness: Report filed the same day as the transaction (no late filing indicated).
Context
- This transaction is a routine director compensation conversion (cash retainer → stock units). Although it's an acquisition of equity, it reflects pay conversion rather than an independent bullish purchase signal.
- The units are fully vested but not immediately issued as shares; they will convert to shares when a Payment Event occurs or per an elected in-service payout schedule.
Insider Transaction Report
Form 4
Connolly Michael
Director
Transactions
- Award
Class A Common Stock
[F1][F2][F3]2026-07-01$27.43/sh+727$19,942→ 61,970 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 727 stock units for the portion of the annual retainer earned for the quarterly period ended June 30, 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 10,306 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.
Signature
MICHAEL J. CONNOLLY /s/ Brooke Zinter as attorney-in-fact|2026-07-01