Randle Race A. 4

What Happened Randle Race, CEO of Maui Land & Pineapple Co., was granted 32,000 shares of common stock on May 20, 2026 as an equity award under the company's 2017 Equity and Incentive Award Plan. The reported acquisition price is $0.00 (compensation grant), so no cash was exchanged. This is an award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed within the typical two-business-day window).
• Shares granted: 32,000; reported acquisition price: $0.00; total cash consideration reported: $0.
• Shares owned after transaction: not disclosed in this filing.
• Footnote (F1): The 32,000 shares were granted under the 2017 Equity and Incentive Award Plan and vest in equal installments over 16 calendar quarters (32,000 shares scheduled to vest beginning June 30, 2026), with forfeiture restrictions lapsing quarterly only if Mr. Randle remains CEO on each applicable vesting date.
• Transaction type: Award/Grant (A); not a sale, purchase, exercise, or gift.

Context This is a time‑based equity grant tied to continued service as CEO and scheduled to vest quarterly over four years. Such awards are a common form of executive compensation and do not represent an immediate open‑market purchase or sale. They may align the executive’s interests with shareholders over the vesting period but should not be interpreted alone as a buy/sell signal.