Lanigan Mark W. 4
4 · MALIBU BOATS, INC. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Malibu Boats (MBUU) Director Mark Lanigan Receives 745-Share Award
What Happened
Mark W. Lanigan, a director of Malibu Boats, was granted 745 stock units on July 1, 2026 as part of the company's Directors' Compensation Policy. The units are valued at $27.43 each (total value $20,435) and were issued in lieu of cash retainer. These are awards/stock units (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; Price per unit reported: $27.43; Total value: $20,435.
- Award type: 745 stock units issued in lieu of cash director retainer; units are fully vested but payable upon a "Payment Event" (see below).
- Reported holdings referenced in the filing include an additional 18,794 stock units subject to deferred-payment terms and 46,474 fully vested stock units (65,268 units total), in addition to these 745 units.
- Payment terms (per footnotes): units are payable in shares upon separation from service, a change in control, or an elected in-service distribution date; payment can be lump-sum within 30 days or annual installments over 5 or 10 years.
- Filing date / report period: 2026-07-01. The filing shows the transaction and was reported on the same date.
Context
This grant reflects routine director compensation (conversion of cash retainer into stock units) rather than a market purchase or sale. Although described as "fully vested," the units are payable in shares only upon a triggering Payment Event or an elected distribution schedule, so they do not represent immediately delivered shares available for sale.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2][F3]2026-07-01$27.43/sh+745$20,435→ 85,268 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 745 stock units for the portion of the annual retainer earned for the quarterly period ended June 30, 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 18,794 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.