Tax withholding on Malibu Boats (MBUU) CEO stock vesting
Rhea-AI Filing Summary
Malibu Boats, Inc. director and Chief Executive Officer Steven Menneto reported a withholding of 5,296 shares of Class A Common Stock on August 5, 2026 to satisfy tax obligations. The shares were valued at $29.24 per share and were withheld in connection with the vesting of 14,688 restricted stock units granted on August 5, 2024. After this tax-withholding disposition, Menneto directly holds 82,539 shares of Class A Common Stock.
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Insights
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Insider Trade Summary
Net Seller: 5,296 shares
Net Sell
1 txn
Insider
Menneto Steven
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 5,296 | $29.24 | $155K |
Holdings After Transaction:
Class A Common Stock — 82,539 shares (Direct)
Footnotes (1)
- F1. The shares of the Issuer's Class A Common Stock were withheld for tax withholding purposes in connection with the vesting of 14,688 shares under a restricted stock unit award granted on August 5, 2024.
Key Figures
Shares withheld for taxes: 5,296 shares
Price per share: $29.24
Shares held after transaction: 82,539 shares
+1 more
4 metrics
Shares withheld for taxes
5,296 shares
Class A Common Stock withheld on August 5, 2026 for tax withholding purposes
Price per share
$29.24
Per-share value used for the tax-withholding disposition of Class A Common Stock
Shares held after transaction
82,539 shares
Direct holdings of Steven Menneto following the August 5, 2026 tax-withholding disposition
Restricted stock units vested
14,688 shares
RSUs vesting from an award granted on August 5, 2024 that triggered the tax withholding
Key Terms
restricted stock unit, tax withholding, Class A Common Stock
3 terms
restricted stock unit financial
"in connection with the vesting of 14,688 shares under a restricted stock unit award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding financial
"were withheld for tax withholding purposes in connection with the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Class A Common Stock financial
"The shares of the Issuer's Class A Common Stock were withheld for tax"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Malibu Boats (MBUU) report for CEO Steven Menneto?
CEO Steven Menneto reported a tax-withholding disposition of 5,296 shares of Malibu Boats Class A Common Stock on August 5, 2026, to cover taxes arising from the vesting of 14,688 restricted stock units granted on August 5, 2024.