MasterCraft (MCFT) CTO vests RSUs; 1,224 shares surrendered for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
947 shares exercised/converted
Mixed
3 txns
Insider
Christiansen Erik
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 947 | $25.82 | $24K |
| Exercise | Common Stock | 947 | $25.82 | $24K |
| Tax Withholding | Common Stock | 1,224 | $28.52 | $35K |
Holdings After Transaction:
Restricted Stock Unit — 3,160 shares (Direct, null);
Common Stock — 8,088 shares (Direct, null)
Footnotes (1)
- 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. Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs.
Key Figures
RSU shares vested: 947 shares
RSU conversion price: $25.82/share
Shares surrendered for taxes: 1,224 shares
+2 more
5 metrics
RSU shares vested
947 shares
Common stock received via RSU conversion on 2026-06-30
RSU conversion price
$25.82/share
Price per common share for RSU-related exercise
Shares surrendered for taxes
1,224 shares
Tax-withholding disposition tied to vesting on 2026-06-30
Tax-withholding share value
$28.52/share
Value per share for surrendered common stock
Shares held after transactions
6,864 shares
Direct common stock ownership after reported events
Key Terms
restricted stock units, RSUs, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
restricted stock units financial
"The reported transaction reflects the vesting and settlement of restricted stock units ("RSUs") previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"Represents the surrender of shares for payment of taxes in connection with the vesting"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
restricted stock awards financial
"payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
FAQ
What insider transactions did MasterCraft (MCFT) CTO Erik Christiansen report?
Erik Christiansen reported RSU vesting that converted into 947 MasterCraft common shares and a related surrender of 1,224 shares to pay taxes. These are routine compensation and tax-withholding events rather than open-market buy or sell trades.
What do the restricted stock unit (RSU) transactions mean for MasterCraft (MCFT) investors?
The RSU transactions indicate equity awards to the CTO have vested and settled into 947 common shares. The related tax-withholding surrender of 1,224 shares is a routine administrative step and typically does not signal a discretionary change in insider sentiment.
How is the RSU vesting for MasterCraft (MCFT) CTO structured in this Form 4?
Previously granted RSUs vested and were automatically converted into an equivalent number of MasterCraft common shares on a one-for-one basis. The filing records 947 shares acquired through this derivative exercise, consistent with typical RSU settlement mechanics.