Malibu Boats director granted 727 stock units
Malibu Boats, Inc. director Michael Connolly received an award of 727 stock units of Class A Common Stock, valued at about $27.43 per unit, as part of his quarterly board retainer in lieu of cash.
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Form Type
4
Rhea-AI Filing Summary
Malibu Boats, Inc. director Michael Connolly received an award of 727 stock units of Class A Common Stock, valued at about $27.43 per unit, as part of his quarterly board retainer in lieu of cash. These units are fully vested but paid out later in shares after specific events.
The units will convert into the same number of shares upon the earlier of his separation from service, a qualifying change in control under the company’s incentive plans, or an in-service distribution date he elected. After this grant, Connolly holds a total of 61,970 stock units tied to deferred share payouts under company equity plans.
Insider Trade Summary
Grant/Award: 727 shares
Grant/Award
1 txn
Insider
Connolly Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 727 | $27.43 | $20K |
Holdings After Transaction:
Class A Common Stock — 61,970 shares (Direct)
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 727 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 10,306 stock units with vesting terms described in footnote 2 and 46,392 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: 727 stock units
Grant reference price: $27.43 per unit
Total units after grant: 61,970 stock units
+3 more
6 metrics
Stock units granted
727 stock units
Quarterly board retainer for period ended June 30, 2026
Grant reference price
$27.43 per unit
Value per share used in the stock unit grant
Total units after grant
61,970 stock units
Holdings following the reported transaction
Previously described stock units
10,306 stock units
Units with vesting terms tied to Payment Events
Additional fully vested units
46,392 stock units
Fully vested units payable after separation or change in control
Quarterly period covered
Quarter ended June 30, 2026
Portion of annual retainer converted to stock units
Key Terms
Directors' Compensation Policy, stock units, Long-Term Incentive Plan, change in control, +1 more
5 terms
Directors' Compensation Policy financial
"Pursuant to the Issuer's Directors' Compensation Policy (the "Policy"), directors may elect that their cash annual retainer be converted..."
stock units financial
"the reporting person was issued 727 stock units for the portion of the annual retainer earned..."
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.
Long-Term Incentive Plan financial
"the occurrence of a change in control under the Issuer's Long-Term Incentive Plan or (C) an in-service distribution date..."
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.
change in control financial
"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..."
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.
equity incentive plans financial
"change in control under the Issuer's equity incentive plans."
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Malibu Boats (MBUU) disclose for Michael Connolly?
Malibu Boats reported that director Michael Connolly received 727 stock units of Class A Common Stock as part of his quarterly board retainer, converted from cash under the company’s directors’ compensation policy, adding to his existing deferred equity holdings.
Was the Malibu Boats (MBUU) Form 4 a market purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open-market purchase. Connolly elected to receive his cash annual retainer in stock units, which are fully vested but payable later in shares when certain service or change-in-control conditions are met.
How many Malibu Boats (MBUU) stock units does Michael Connolly hold after this filing?
Following the reported transaction, Michael Connolly holds 61,970 stock units. This total includes the new 727-unit grant plus previously awarded units with similar deferred-payment terms tied to separation from service or a qualifying change in control under company equity plans.
How were the 727 Malibu Boats (MBUU) stock units valued in the Form 4?
The 727 stock units were valued at a reference price of about $27.43 per share. This figure reflects the per-unit value used in the filing and helps show the size of the quarterly retainer amount converted from cash into stock-based compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
