Connolly Michael 4

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.