RSU vesting delivers 4,056 shares to MasterCraft (MCFT) director Baumgarten
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterCraft Boat Holdings director Jaclyn Baumgarten reported the vesting and settlement of 4,056 restricted stock units (RSUs). These RSUs automatically converted on a one-for-one basis into 4,056 shares of common stock at a reference value of $25.82 per share.
After this derivative exercise and settlement, Baumgarten directly holds 27,969 shares of MasterCraft common stock. The transaction reflects equity compensation vesting rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,056 shares exercised/converted
Mixed
2 txns
Insider
Baumgarten Jaclyn
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,056 | $25.82 | $105K |
| Exercise | Common Stock | 4,056 | $25.82 | $105K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Common Stock — 27,969 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs vested: 4,056 units
Shares received: 4,056 shares
Transaction price per share: $25.82 per share
+2 more
5 metrics
RSUs vested
4,056 units
Restricted stock units converting into common stock
Shares received
4,056 shares
Common stock issued upon RSU settlement
Transaction price per share
$25.82 per share
Value reported for RSU conversion
Shares owned after transaction
27,969 shares
Director’s direct common stock holdings post-vesting
Derivative exercises
1 transaction, 4,056 shares
Exercise or conversion of derivative security
Key Terms
Restricted Stock Unit, RSUs, derivative security, derivative exercise/conversion
4 terms
Restricted Stock Unit financial
"The reported transaction reflects the vesting and settlement of 4,056 restricted stock units ("RSUs") previously granted to the reporting person."
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.
RSUs financial
"Upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis."
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
What insider transaction did MasterCraft (MCFT) director Jaclyn Baumgarten report?
Director Jaclyn Baumgarten reported vesting and settlement of 4,056 RSUs, which automatically converted into 4,056 shares of MasterCraft common stock. This is recorded as a derivative exercise rather than an open-market buy or sell.
Was the MasterCraft (MCFT) Form 4 transaction an open-market purchase or sale?
No, the Form 4 shows a derivative exercise, not an open-market trade. 4,056 RSUs vested and converted into the same number of common shares as part of Baumgarten’s equity compensation, with no reported open-market buying or selling.
What does the RSU vesting mean for MasterCraft (MCFT) director compensation?
The filing indicates RSU-based compensation for director Jaclyn Baumgarten. 4,056 restricted stock units previously granted to her vested and were settled in common shares, aligning part of her compensation directly with MasterCraft’s equity.