O'CONNELL MICHAEL 4

What Happened

• Michael O'Connell, Senior Vice President of MasterCraft Boat Holdings (MCFT), had restricted stock units (RSUs) vest and convert into common shares on June 30, 2026. Two conversion entries of 1,185 shares each resulted in 2,370 shares issued at $25.82 per share (total value $61,194).
• To satisfy tax withholding obligations related to the vesting/conversion, O'Connell surrendered 2,687 shares at $25.82 per share (total value $69,378). The net effect was a reduction of 317 shares of beneficial ownership (2,370 shares issued minus 2,687 shares surrendered).
• This transaction reflects an award vesting and routine tax withholding rather than an open-market purchase; surrendering shares for taxes is common and not necessarily a signal of sentiment.

Key Details

• Transaction date: June 30, 2026; filing date (Form 4): July 2, 2026.
• Price per share reported: $25.82.
• Shares converted/issued: 2,370 shares (two entries of 1,185 shares; total value ≈ $61,194).
• Shares surrendered for tax withholding: 2,687 shares (value ≈ $69,378).
• Net change in shares: net decrease of 317 shares.
• Footnotes: F1 — RSUs vested and were automatically converted one-for-one to common shares. F2 — shares were surrendered to pay taxes on the vesting/conversion.
• Filing timeliness: Form 4 was filed two days after the June 30 transaction (appears timely under normal two-business-day filing rules).

Context

• These entries are vesting/conversion of equity awards and tax-withholding share surrender (transaction codes: M = exercise/conversion of derivative; F = tax withholding). This is a routine administrative transaction tied to compensation; it differs from an open-market sale or a purchase that might indicate a directional bet by the insider.
• Retail investors should view this as standard equity compensation paperwork — informative about company compensation activity but not necessarily a signal of management’s view on the stock.