Malibu Boats awards Michael K. Hooks 4,562 stock units
The fully vested stock units are payable in Class A shares after separation, a change in control, or an elected in-service distribution date.
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Rhea-AI Filing Summary
Malibu Boats, Inc. (MBUU) director Michael K. Hooks received a 4,562-stock-unit equity award on November 3, 2026, under the director compensation policy. The units are fully vested and payable in equivalent Class A common shares upon a Payment Event. Hooks may elect a lump sum within 30 days after that event or annual installments over five or 10 years. His reported direct position after the award was 73,288 shares and stock units. The MK 2012 Irrevocable Trust separately held 12,500 shares for his spouse and children; Hooks disclaimed beneficial ownership of those shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2, F3 | 4,562 | $0.00 | $0.00 |
| Holding | Class A Common Stock F4 | -- | -- | -- |
Footnotes (4)
- F1. In accordance with the Issuer's Director's Compensation Policy, the reporting person was issued an equity award of 4,562 stock units on November 3, 2026, for his service on the board of directors of the Issuer.
- 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 equity incentive plans 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 19,642 stock units with vesting terms described in footnote 2 and 48,316 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.
- F4. Shares held directly by MK 2012 Irrevocable Trust for the benefit of the Reporting Person's spouse and children. The Reporting Person's spouse serves as trustee. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Key Terms
stock units financial
Payment Event financial
in-service distribution date financial
FAQ
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How many MBUU stock units did director Michael K. Hooks receive?
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