Battle W. Patrick 4
Research Summary
AI-generated summary
MasterCraft (MCFT) Director Battle W. Patrick Receives 4,056 Shares
What Happened
Battle W. Patrick, a director of MasterCraft Boat Holdings, had 4,056 restricted stock units (RSUs) vest on June 30, 2026. The RSUs converted one-for-one into 4,056 shares of common stock at a reported value of $25.82 per share, totaling $104,726. This was a settlement of an award (compensation vesting), not an open-market purchase or sale of shares.
Key Details
- Transaction date: 2026-06-30; reported filing date: 2026-07-02 (appears timely under normal Form 4 rules).
- Shares converted/acquired: 4,056; price/value reported: $25.82 per share; total value: $104,726.
- Disposition line reflects the conversion/settlement of the derivative (RSU), not an open-market sale of shares.
- Footnote F1: RSUs vested and were automatically converted into an equivalent number of common shares on a one-for-one basis.
- Shares owned after the transaction: not specified in the provided filing.
Context
RSU vesting is a form of compensation and generally reflects routine equity settlement rather than an independent market buy or sell. Because the filing shows conversion of a derivative (code M) to common stock, there is no indication here that Patrick sold shares in the open market as part of this transaction.