Lanigan Mark W. 4
4 · MALIBU BOATS, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Malibu Boats (MBUU) Director Mark Lanigan Receives 780‑Share Award
What Happened
Mark W. Lanigan, a director of Malibu Boats, received an award of 780 stock units on 2026-04-01 valued at $25.92 each (total $20,218). The units were issued in lieu of a portion of his cash annual retainer under the Issuer's Directors' Compensation Policy and are fully vested stock units that convert to shares under the plan's payment rules.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
- Award: 780 stock units @ $25.92 per unit; total value reported $20,218.
- Vesting/payment: The 780 stock units are fully vested but payable as shares upon a Payment Event (separation from service, change in control, or an in-service distribution date elected by the director). Payment may be elected as a lump sum within 30 days of the Payment Event or in annual installments over 5 or 10 years.
- Holdings reported: Filing notes include 18,049 stock units subject to the same deferred/payment terms and 46,474 fully vested stock units payable upon separation or change in control. Together with the 780 units just issued, that totals rights to 65,303 shares/stock units reflected in the filing.
- Nature of transaction: Compensation-related grant/award (code A) — not an open-market buy or sale.
Context
Stock units are a form of deferred compensation that convert to shares when a payment event occurs; although this is an acquisition of units, it is a routine compensation matter rather than an open-market purchase signaling an immediate personal investment.
Insider Transaction Report
Form 4
Lanigan Mark W.
Director
Transactions
- Award
Class A Common Stock
[F1][F2][F3]2026-04-01$25.92/sh+780$20,218→ 84,523 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 780 stock units for the portion of the annual retainer earned for the quarterly period ended March 31, 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 18,049 stock units with vesting terms described in footnote 2 and 46,474 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
MARK W. LANIGAN, /s/ Brooke Zinter as attorney-in-fact|2026-04-02