Kent Walter Scott 4
4 · MasterCraft Boat Holdings, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
MasterCraft (MCFT) CFO Kent Scott Exercises RSUs, Surrenders Shares
What Happened
Kent Walter Scott, Chief Financial Officer of MasterCraft Boat Holdings (MCFT), had restricted stock units (RSUs) vest and convert into 4,884 shares of common stock on June 30–July 1, 2026. The converted shares were recorded at $25.82 (1,630 shares, $42,087) and $24.41 (3,254 shares, $79,430), a total value of $121,517. To cover tax withholding, he surrendered 3,750 shares (2,535 shares at $25.82 = $65,454; 1,215 shares at $24.41 = $29,658), totaling $95,112. Net result: 1,134 shares retained after withholding (net value ≈ $26,405 based on vesting prices). These transactions reflect award vesting and share surrender for taxes (routine), not open-market buying or selling for investment.
Key Details
- Transaction dates and prices:
- 2026-06-30: 1,630 RSUs converted @ $25.82 (value $42,087); 2,535 shares surrendered for taxes @ $25.82 (value $65,454).
- 2026-07-01: 3,254 RSUs converted @ $24.41 (value $79,430); 1,215 shares surrendered for taxes @ $24.41 (value $29,658).
- Total converted (acquired): 4,884 shares, $121,517. Total surrendered (disposed): 3,750 shares, $95,112. Net retained: 1,134 shares (~$26,405).
- Shares owned after the transaction: Not specified in the provided filing details.
- Footnotes: F1 — RSUs vested and were converted one-for-one into common shares; F2 — shares were surrendered to satisfy tax withholding. Transaction codes: M = conversion/exercise of derivative (RSU conversion), F = tax withholding.
- Filing timeliness: The filing date shown is 2026-07-02 for a report period ending 2026-06-30; the submission does not indicate a late-report flag in the provided data.
Context
This was an RSU vesting and tax-withholding event (a cashless settlement pattern common for equity awards). Such award vestings are routine compensation events for executives and do not by themselves indicate the insider is buying or selling shares in the open market. For investors, outright purchases by insiders typically carry more immediate interpretive weight than routine award vesting and withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-30$25.82/sh+1,630$42,087→ 21,815 total - Tax Payment
Common Stock
[F2]2026-06-30$25.82/sh−2,535$65,454→ 19,280 total - Exercise/Conversion
Common Stock
[F1]2026-07-01$24.41/sh+3,254$79,430→ 22,534 total - Tax Payment
Common Stock
[F2]2026-07-01$24.41/sh−1,215$29,658→ 21,319 total - Exercise/Conversion
Restricted Stock Unit
[F1]2026-06-30$25.82/sh−1,630$42,087→ 9,767 total→ 0 (0 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1]2026-07-01$24.41/sh−3,254$79,430→ 6,513 total→ 0 (0 underlying)
Footnotes (2)
- [F1]The reported transaction reflects the vesting and settlement of restricted stock units ("RSUs") previously granted to the reporting person. Upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis.
- [F2]Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs.