HZO Exec reports RSU vesting, ESPP buy and 2,236-share sale at $25.33

Rhea-AI Filing Summary

Anthony E. Cassella, Jr., Executive Vice President of Finance and Chief Accounting Officer at MarineMax, Inc. (HZO), reported multiple equity transactions dated 09/30/2025. He received performance-based restricted stock units totaling 4,820 and additional restricted stock units of 3,347 (in separate awards of 983, 242, 1,495, and 1,627). The filing notes 575 shares were acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ended March 31, 2025. The report also records a sale of 2,236 shares at $25.33 on the same date. After these transactions, Cassella beneficially owned 18,957 shares of common stock. Several RSU tranches have specified vesting schedules and one performance tranche vested on 09/30/2025.

Positive

• 4,820 performance-based restricted stock units vested on 09/30/2025
• 575 shares acquired via the MarineMax Employee Stock Purchase Plan in the quarter ended 03/31/2025
• Multiple time-based restricted stock unit tranches granted to support retention (totaling 3,347 units across awards)

Negative

• Disposition of 2,236 shares at $25.33 on 09/30/2025, reducing direct holdings to 18,957 shares

Insights

Corporate Governance Analyst

TL;DR: Executive received performance and time-based RSUs and completed a small open-market sale on 09/30/2025.

What it means: The report shows compensation-related equity grants: a 4,820 performance-based restricted stock unit award vested on 09/30/2025, plus multiple time-based restricted stock unit tranches and an ESPP purchase of 575 shares. These are routine mechanisms for aligning executive pay with company performance and retention.

Why it matters: The performance vesting ties pay to past operational targets established on 11/18/2022, indicating the company determined those targets were met sufficiently to trigger vesting. The contemporaneous sale of 2,236 shares at $25.33 reduced his direct holdings to 18,957 shares; this is a discrete, disclosed disposition rather than an unexplained departure from typical reporting.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Cassella Anthony E. Jr.

(Last) (First) (Middle)

501 BROOKER CREEK BLVD

(Street)

OLDSMAR FL 34677

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARINEMAX INC [ HZO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP of Finance & CAO

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		M		4,820	A	$0	16,846(1)	D
Common Stock	09/30/2025		M		983	A	$0	17,829	D
Common Stock	09/30/2025		M		242	A	$0	18,071	D
Common Stock	09/30/2025		M		1,495	A	$0	19,566	D
Common Stock	09/30/2025		M		1,627	A	$0	21,193	D
Common Stock	09/30/2025		F		2,236	D	$25.33	18,957	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Based Restricted Stock Units	(2)	09/30/2025		M			4,820	(3)	(3)	Common Stock	4,820	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			983	(4)	(4)	Common Stock	983	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			242	(4)	(4)	Common Stock	242	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			1,495	(5)	(5)	Common Stock	1,495	$0	1,495	D
Restricted Stock Units	(2)	09/30/2025		M			1,627	(6)	(6)	Common Stock	1,627	$0	3,257	D

Explanation of Responses:

1. Includes 575 shares acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending March 31, 2025.

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, 2025. These units were awarded based on performance criteria established on November 18, 2022 and tied to inventory management and operations during fiscal 2023.

4. The restricted stock units vest in three annual installments beginning on September 30, 2023.

5. The restricted stock units vest in three annual installments beginning on September 30, 2024.

6. The restricted stock units vest in three annual installments beginning on September 30, 2025.

	Anthony E. Cassella, Jr.	10/02/2025
	** Signature of Reporting Person	Date
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FAQ

What transactions did MarineMax (HZO) insider Anthony Cassella report on 09/30/2025?

He reported vesting of 4,820 performance-based RSUs, receipt of additional RSU tranches totaling 3,347, acquisition of 575 ESPP shares, and a sale of 2,236 shares at $25.33.

How many shares does Anthony Cassella beneficially own after the reported transactions?

The Form 4 shows he beneficially owned 18,957 shares of MarineMax common stock following the reported transactions.

When did the performance-based RSUs vest and what were they tied to?

The 4,820 performance-based RSUs vested on 09/30/2025 and were awarded based on performance criteria established on 11/18/2022 tied to inventory management and operations during fiscal 2023.

Did the filing disclose any purchases under the Employee Stock Purchase Plan (ESPP)?

Yes, the filing notes 575 shares were acquired under the MarineMax ESPP during the fiscal quarter ended 03/31/2025.

What was the price of the sold shares and how many were sold?

The report records a sale of 2,236 shares at a price of $25.33 on 09/30/2025.