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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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Form Type
4

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 Alvare Manuel A. III
Role General Counsel
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 -- -- --
Holdings After Transaction: Performance Based Restricted Stock Units — 0 contracts (Direct); Restricted Stock Units — 5,429 contracts (Direct); Common Stock — 17,570 shares (Direct); Common Stock — 25 shares (Indirect, Held by Dependent)
Footnotes (6)
  1. F1. Shares held by members of the reporting person's household.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of MarineMax, Inc. Common Stock.
  3. 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.
  4. F4. These restricted stock units vest in three annual installments beginning on September 30, 2024.
  5. F5. These restricted stock units vest in three annual installments beginning on September 30, 2025.
  6. F6. The restricted stock units vest in three annual installments beginning on September 30, 2026.
Restricted stock units vested and converted 9,596 shares September 30, 2026
Performance-based restricted stock units 4,934 shares Vested September 30, 2026
Shares delivered or withheld 2,340 shares Payment of exercise price or tax liability
Reported per-share price $52.30 per share Shares delivered or withheld on September 30, 2026
Shares held by dependent 25 shares Indirect holding reported September 30, 2026
performance-based restricted stock units financial
"The performance-based restricted stock units vest on September 30, 2026."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
annual installments financial
"vest in three annual installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did MarineMax (HZO) General Counsel Manuel Alvare III convert?

Manuel Alvare III reported vesting and converting 9,596 restricted stock units into common stock on September 30, 2026, including 4,934 performance-based units.

How many MarineMax (HZO) shares were delivered or withheld for exercise price or tax liability?

2,340 common shares were delivered or withheld for payment of exercise price or tax liability, at $52.30 per share.

What were MarineMax (HZO) performance-based RSUs tied to?

The performance-based units were awarded based on criteria established on November 17, 2023, and tied to inventory management and operations during fiscal 2024.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Alvare Manuel A. III

(Last)(First)(Middle)
501 BROOKER CREEK BLVD

(Street)
OLDSMAR FLORIDA 34677

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MARINEMAX INC [ HZO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock09/30/2026M4,934A$015,248D
Common Stock09/30/2026M748A$015,996D
Common Stock09/30/2026M506A$016,502D
Common Stock09/30/2026M1,390A$017,892D
Common Stock09/30/2026M2,018A$019,910D
Common Stock09/30/2026F2,340D$52.317,570D
Common Stock25IHeld by Dependent(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Based Restricted Stock Units(2)09/30/2026M4,934 (3) (3)Common Stock4,934$00D
Restricted Stock Units(2)09/30/2026M748 (4) (4)Common Stock748$00D
Restricted Stock Units(2)09/30/2026M506 (4) (4)Common Stock506$00D
Restricted Stock Units(2)09/30/2026M1,390 (5) (5)Common Stock1,390$01,390D
Restricted Stock Units(2)09/30/2026M2,018 (6) (6)Common Stock2,018$04,039D
Explanation of Responses:
1. Shares held by members of the reporting person's household.
2. Each restricted stock unit represents a contingent right to receive one share of MarineMax, Inc. Common Stock.
3. 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.
4. These restricted stock units vest in three annual installments beginning on September 30, 2024.
5. These restricted stock units vest in three annual installments beginning on September 30, 2025.
6. The restricted stock units vest in three annual installments beginning on September 30, 2026.
Anthony E. Cassella, Jr., Attorney-in-Fact for Manuel A. Alvare, III10/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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