Malibu Boats director granted 745 stock units
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.
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
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 745 | $27.43 | $20K |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
stock units financial
change in control financial
Long-Term Incentive Plan financial
annual retainer financial
directors' compensation policy financial
FAQ
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What insider transaction did Malibu Boats (MBUU) report for Mark W. Lanigan?
At what value were the 745 Malibu Boats (MBUU) stock units granted?
Is the 745-unit Malibu Boats (MBUU) transaction a market purchase or sale?
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