HZO Form 4: Executive grants and a 6,464-share sale at $25.33

Rhea-AI Filing Summary

Charles A. Cashman, Executive Vice President & Chief Revenue Officer of MarineMax, Inc. (HZO), reported multiple equity transactions dated 09/30/2025. The Form 4 shows awards and purchases: 13,747 performance-based restricted stock units, 3,492 restricted stock units, 4,484 restricted stock units, and 4,817 restricted stock units were recorded as acquisitions (code M) with zero price, and purchases under the Employee Stock Purchase Plan contributed 1,009 shares noted in the explanation. The filing also discloses a sale (code F) of 6,464 shares at $25.33. After these transactions the reporting person’s beneficial ownership in common stock is shown at 94,663 shares.

Positive

• 13,747 performance-based RSUs awarded, vesting on 09/30/2025
• Employee Stock Purchase Plan purchases included (1,009 shares disclosed in explanation)
• Total beneficial ownership retained at 94,663 shares after transactions

Negative

• 6,464 shares were sold at $25.33 on 09/30/2025

Insights

Corporate Governance Expert

Insider reported multiple grants and one sale on 09/30/2025; ownership remains sizable at 94,663 shares.

The Form 4 documents awards of performance and time-based restricted stock units totaling 26,540 RSUs (sum of 13,747, 3,492, 4,484, 4,817) plus purchases through the employee plan, and a disposition of 6,464 shares at $25.33. This filing shows routine executive equity compensation activity and a modest sale without other contextual disclosures. The transactions are recorded as direct beneficial ownership.

This matters because grants and ESPP purchases increase executive alignment with shareholders while the recorded sale reduces holdings by the disclosed amount; both are explicit facts in the filing.

Compensation & Equity Analyst

Most reported units are restricted stock units with specific vesting notes; one tranche is performance-based vesting on 09/30/2025.

The filing states the 13,747 performance-based RSUs vest on 09/30/2025 and were tied to performance criteria set on 11/18/2022. Other RSU tranches vest in three annual installments beginning on 09/30/2023, 09/30/2024, and 09/30/2025 respectively, showing staged vesting schedules. Each RSU converts to one share when vested. These are explicit plan mechanics disclosed in the form.

Understanding vesting timing helps investors know when additional shares may enter public float; the form provides the exact vesting start dates for each tranche.

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^*

Cashman Charles A

(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 & Chief Revenue Officer

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		13,747	A	$0	81,870(1)	D
Common Stock	09/30/2025		M		3,492	A	$0	85,362	D
Common Stock	09/30/2025		M		4,484	A	$0	89,846	D
Common Stock	09/30/2025		M		4,817	A	$0	94,663	D
Common Stock	09/30/2025		F		6,464	D	$25.33	88,199	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			13,747	(3)	(3)	Common Stock	13,747	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			3,492	(4)	(4)	Common Stock	3,492	$0	0	D
Restricted Stock Units	(2)	09/30/2025		M			4,484	(5)	(5)	Common Stock	4,484	$0	4,484	D
Restricted Stock Units	(2)	09/30/2025		M			4,817	(6)	(6)	Common Stock	4,817	$0	9,637	D

Explanation of Responses:

1. Includes 743 shares acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending March 31 2025 and 266 shares acquired under the MarineMax Employee Stock Purchase Plan during the fiscal quarter ending September 30, 2024.

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

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

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

	Anthony E. Cassella, Jr., Attorney-in-Fact for Michael McLamb	10/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did MarineMax insider Charles A. Cashman report on Form 4 (HZO)?

The Form 4 reports multiple restricted stock unit awards totaling 26,540 RSUs and an ESPP purchase contribution, plus a sale of 6,464 shares at $25.33 on 09/30/2025.

How many performance-based RSUs were granted to the reporting person?

The filing shows 13,747 performance-based restricted stock units that vest on 09/30/2025.

What is the post-transaction beneficial ownership reported?

After the reported transactions the reporting person beneficially owned 94,663 shares of MarineMax common stock.

Were any of the RSUs tied to specific performance criteria?

Yes. The 13,747 performance-based RSUs were awarded based on performance criteria established on 11/18/2022 and tied to inventory management and operations during fiscal 2023.

Did the Form 4 disclose ESPP purchases?

Yes. The explanation states 743 shares were acquired under the ESPP in the quarter ending March 31, 2025 and 266 shares in the quarter ending September 30, 2024 (total 1,009 shares).