Malibu Boats (MBUU) director defers fees into 745 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Malibu Boats, Inc. director Mark W. Lanigan received an award of 745 stock units of Class A Common Stock, valued at $27.43 per unit, in lieu of cash fees under the company’s directors’ compensation policy. This is a compensation-related acquisition, not an open-market purchase.
The units are fully vested and will be paid in shares after a separation from service, a qualifying change in control, or an in-service distribution date he elected. Following this award, Lanigan’s reported direct holdings total 85,268 shares and stock units, including 18,794 stock units with similar vesting terms and 46,474 fully vested deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lanigan Mark W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 745 | $27.43 | $20K |
Holdings After Transaction:
Class A Common Stock — 85,268 shares (Direct)
Footnotes (1)
- Pursuant to the Issuer's Directors' Compensation Policy (the "Policy"), directors may elect that their cash annual retainer be converted into either fully vested (i) shares of the Issuer's Class A Common Stock or (ii) rights to receive an award of stock units that will be paid on a deferred basis. In accordance with the reporting person's election, the reporting person was issued 745 stock units for the portion of the annual retainer earned for the quarterly period ended June 30, 2026. The stock units are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon the first to occur of (A) the date of the reporting person's separation from service, (B) the occurrence of a change in control under the Issuer's Long-Term Incentive Plan or (C) an in-service distribution date elected by the reporting person (each, a "Payment Event"). The reporting person may elect whether amounts becoming payable shall be paid in a lump-sum within 30 days following the Payment Event, or in annual installments over a period of 5 years or 10 years. Includes 18,794 stock units with vesting terms described in footnote 2 and 46,474 stock units that are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon or as soon as practicable, and in all events within 30 days, following the first to occur of (A) the date of the reporting person's separation from service or (B) the occurrence of a change in control under the Issuer's equity incentive plans.
Key Figures
Stock units granted: 745 stock units
Grant value per unit: $27.43 per unit
Total holdings after transaction: 85,268 shares/units
+2 more
5 metrics
Stock units granted
745 stock units
Director fee election for quarter ended June 30, 2026
Grant value per unit
$27.43 per unit
Value of Class A Common Stock units granted
Total holdings after transaction
85,268 shares/units
Director Mark W. Lanigan post-award balance
Deferred stock units (vesting terms per F2)
18,794 stock units
Units with payment upon separation, change in control, or elected date
Fully vested deferred stock units
46,474 stock units
Payable in shares after separation or change in control
Key Terms
stock units, change in control, Long-Term Incentive Plan, annual retainer, +1 more
5 terms
stock units financial
"the reporting person was issued 745 stock units for the portion of the annual retainer"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
change in control financial
"upon the first to occur of (A) the date of the reporting person's separation from service, (B) the occurrence of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Long-Term Incentive Plan financial
"change in control under the Issuer's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
annual retainer financial
"their cash annual retainer be converted into either fully vested shares or rights to receive stock units"
directors' compensation policy financial
"Pursuant to the Issuer's Directors' Compensation Policy, directors may elect that their cash annual retainer be converted"
FAQ
What insider transaction did Malibu Boats (MBUU) report for Mark W. Lanigan?
Malibu Boats reported that director Mark W. Lanigan received 745 fully vested stock units of Class A Common Stock as part of his director compensation. These units were issued instead of a cash retainer, reflecting routine equity-based compensation rather than an open-market stock purchase.
At what value were the 745 Malibu Boats (MBUU) stock units granted?
The 745 stock units granted to director Mark W. Lanigan were valued at $27.43 per unit. This value is tied to the Class A Common Stock and represents compensation under the company’s directors’ compensation policy in place of a cash annual retainer.
Is the 745-unit Malibu Boats (MBUU) transaction a market purchase or sale?
The 745-unit transaction is a grant of stock units as compensation, not a market purchase or sale. It results from Lanigan’s election to convert part of his cash annual retainer into stock-based awards under Malibu Boats’ directors’ compensation policy.
What are the key payment event triggers for Malibu Boats (MBUU) director stock units?
Payment of the stock units occurs upon the first of three triggers: the director’s separation from service, a qualifying change in control under the company’s incentive plans, or an in-service distribution date the director elected, with payment in a lump sum or scheduled installments.