Michael McLamb Granted 24,120 RSUs, Posts Sale of 5,875 Shares
Rhea-AI Filing Summary
Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax, Inc. (HZO), reported multiple equity transactions dated 09/30/2025. He was granted 12,511 performance-based restricted stock units that vest on 09/30/2025, plus three tranches of restricted stock units totaling 11,609 (counts of 3,178, 4,044, and 4,387) with staggered vesting schedules beginning in 2023, 2024, and 2025 respectively. The Form 4 also discloses a sale of 5,875 shares at $25.33. Following the reported transactions, his beneficial ownership is shown as 132,263 shares.
Positive
- 12,511 performance-based restricted stock units awarded, vesting on 09/30/2025
- 11,609 time‑vested restricted stock units awarded across three tranches, creating multi-year retention incentives
Negative
- 5,875 shares sold at $25.33, lowering beneficial ownership to 132,263 shares
Insights
Grant-heavy compensation with a concurrent small sell-off.
The filing shows a total of 24,120 restricted stock units awarded on 09/30/2025, including 12,511 performance-based units tied to prior performance criteria. These awards increase potential future equity alignment between management and shareholders.
The reported disposition of 5,875 shares at $25.33 reduced his post-transaction holdings to 132,263 shares, a figure the filing explicitly provides. The mix of performance-based and time‑vested RSUs is a common compensation structure to retain executives and link pay to company results.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Restricted Stock | 12,511 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,178 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,044 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,387 | $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 | 4,387 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,875 | $25.33 | $149K |
Footnotes (1)
- 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.