MarineMax Form 4: Executive Sells 8,553 Shares at $25.33
Rhea-AI Filing Summary
Kyle M. Langbehn, EVP and President of Retail at MarineMax, Inc. (HZO) reported several equity transactions on 09/30/2025. The filing shows acquisition of 12,511 performance-based restricted stock units that vested on 09/30/2025, plus three other RSU grants totaling 13,918 units and 743 shares bought under the Employee Stock Purchase Plan during the quarter ended March 31, 2025. The filer also reported a disposition of 8,553 shares at a price of $25.33, leaving total reported beneficial ownership at 71,152 shares after the transactions. The filing explains vesting schedules and that performance RSUs were awarded based on criteria from November 18, 2022 tied to inventory management and operations during fiscal 2023.
Positive
- None.
Negative
- None.
Insights
Significant RSU vesting and ESPP activity for an executive on 09/30/2025.
What it means: The 12,511 performance-based RSUs vested on 09/30/2025, converting contingent compensation into company stock for the reporting executive.
Why it matters: Vesting of performance RSUs signals that previously disclosed performance criteria tied to inventory management and operations were met or deemed achieved, and it increases the executive's direct equity stake to 71,152 shares.
Insider sold 8,553 shares at $25.33 the same reporting date as multiple RSU acquisitions.
What it means: The Form 4 records a sale of 8,553 shares (transaction code F) at $25.33, reducing beneficial holdings before and after other grant-related acquisitions are netted.
Why it matters: Concurrent sale and vesting/acquisition activity is common when executives realize value from vested awards; the filing provides exact amounts and price, enabling investors to track insider liquidity and ownership changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units | 12,511 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,178 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,044 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,696 | $0.00 | -- |
| Exercise | Common Stock | 12,511 | $0.00 | -- |
| Exercise | Common Stock | 3,178 | $0.00 | -- |
| Exercise | Common Stock | 4,044 | $0.00 | -- |
| Exercise | Common Stock | 6,696 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,553 | $25.33 | $217K |
Footnotes (1)
- Includes 743 shares acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending March 31, 2025. Each restricted stock unit represents a contingent right to receive one share of MarineMax, Inc. Common Stock. The performance-based restricted stock units vest on September 30, 2025. These units were awarded based on performance criteria established on November 18, 2022 and tied to inventory management and operations during fiscal 2023. These restricted stock units vest in three annual installments beginning on September 30, 2023. These restricted stock units vest in three annual installments beginning on September 30, 2024. These restricted stock units vest in three annual installments beginning on September 30, 2025.
