Malibu Boats (MBUU) Director Michael Connolly Receives Award of 879 Shares

What Happened
Michael Connolly, a director of Malibu Boats, received an award of 879 stock units on October 1, 2026. The units are reported at $22.92 per share, totaling $20,147. This transaction is an award/compensation (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-10-01; price per unit: $22.92; total value: $20,147.
• Transaction type: Award/Grant (A) — conversion of director cash retainer into stock units under the company’s Directors’ Compensation Policy.
• Vesting/payment: The 879 stock units are fully vested but payable upon a Payment Event (separation from service, change in control, or an in‑service distribution date elected by the director). The director may elect lump‑sum or installment (5- or 10-year) payment.
• Holdings noted in filing: the report also references 11,185 stock units with similar deferred-payment terms and 46,392 stock units that are fully vested/payable on certain events — together these total 57,577 units in addition to the 879 awarded (58,456 units referenced overall).
• Filing timeliness: Reported on 2026-10-01 (same day as the transaction); appears timely (Form 4 is generally due within two business days).

Context
This is routine director compensation restructured into stock units rather than a market buy or sale, so it reflects pay choice rather than an explicit bullish or bearish trading signal. The units are deferred and payable upon specified events, so they do not represent immediate stock purchases available on the market.