Lanigan Mark W. 4

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.