MarineMax counsel converts stock grant to 9,596 shares
The reported 2,340-share disposition was for payment of exercise price or tax liability, at $52.30 per share.
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Rhea-AI Filing Summary
MarineMax Inc. (HZO) reported that General Counsel Manuel Alvare III vested and converted 9,596 restricted stock units into common stock on September 30, 2026, including 4,934 performance-based units. The performance units were awarded based on criteria established November 17, 2023, tied to inventory management and operations during fiscal 2024. A separate 2,340 shares were delivered or withheld for payment of exercise price or tax liability at $52.30 per share. Separately, 25 shares were held by a dependent household member.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock Units F2, F3 | 4,934 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 748 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 506 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5 | 1,390 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 2,018 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,934 | $0.00 | $0.00 |
| Exercise | Common Stock | 748 | $0.00 | $0.00 |
| Exercise | Common Stock | 506 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,390 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,018 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,340 | $52.30 | $122K |
| holding | Common Stock F1 | -- | -- | -- |
Footnotes (6)
- F1. Shares held by members of the reporting person's household.
- F2. Each restricted stock unit represents a contingent right to receive one share of MarineMax, Inc. Common Stock.
- F3. The performance-based restricted stock units vest on September 30, 2026. These units were awarded based on performance criteria established on November 17, 2023 and tied to inventory management and operations during fiscal 2024.
- F4. These restricted stock units vest in three annual installments beginning on September 30, 2024.
- F5. These restricted stock units vest in three annual installments beginning on September 30, 2025.
- F6. The restricted stock units vest in three annual installments beginning on September 30, 2026.
Key Figures
Key Terms
performance-based restricted stock units financial
contingent right financial
annual installments financial
FAQ
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How many RSUs did MarineMax (HZO) General Counsel Manuel Alvare III convert?
What were MarineMax (HZO) performance-based RSUs tied to?
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