MasterCraft CTO vests RSUs, 1,224 shares withheld
MasterCraft Boat Holdings, Inc. Chief Technology Officer Erik Christiansen reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. Chief Technology Officer Erik Christiansen reported routine equity compensation activity involving restricted stock units and related tax withholding. On the reported date, previously granted RSUs vested and were automatically converted into 947 shares of common stock at $25.82 per share through an exercise classified as a derivative conversion. To cover tax liabilities arising from the vesting of restricted stock awards and RSU conversion, 1,224 shares of common stock were surrendered at $28.52 per share as a tax-withholding disposition, not an open-market sale. Following these transactions, Christiansen directly holds 6,864 shares of MasterCraft common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 947 | $25.82 | $24K |
| Exercise | Common Stock | 947 | $25.82 | $24K |
| Exercise Price or Tax Liability | Common Stock | 1,224 | $28.52 | $35K |
Footnotes (2)
- F1. The reported transaction reflects the vesting and settlement of restricted stock units ("RSUs") previously granted to the reporting person. Upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis.
- F2. Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs.
Key Figures
Key Terms
restricted stock units financial
RSUs financial
tax-withholding disposition financial
derivative exercise/conversion financial
restricted stock awards financial
FAQ
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What insider transactions did MasterCraft (MCFT) CTO Erik Christiansen report?
What do the restricted stock unit (RSU) transactions mean for MasterCraft (MCFT) investors?
How is the RSU vesting for MasterCraft (MCFT) CTO structured in this Form 4?
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