MasterCraft exec vests 3,250 RSUs at $24.15
MasterCraft’s senior vice president had RSUs vest into common stock, with some shares withheld to satisfy taxes and additional RSUs remaining outstanding.
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. (MCFT) reports that Sr. Vice President Michael O'Connell had 3,250 Restricted Stock Units vest on September 5, 2026, which were automatically converted into 3,250 shares of common stock on a one-for-one basis. Of these, 1,278 shares were surrendered to cover tax liability, and O'Connell continues to hold 2,370 RSUs directly. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,250 shares exercised/converted
Exercise
3 txns
Insider
O'CONNELL MICHAEL
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1 | 3,250 | $24.15 | $78K |
| Exercise | Common Stock F1 | 3,250 | $24.15 | $78K |
| Tax Withholding | Common Stock F2 | 1,278 | $24.15 | $31K |
Holdings After Transaction:
Restricted Stock Unit — 2,370 contracts (Direct);
Common Stock — 10,381 shares (Direct)
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 and conversion of RSUs.
Key Figures
RSUs vested and converted: 3,250 units/shares
Shares surrendered for taxes: 1,278 shares
RSUs remaining: 2,370 units
+3 more
6 metrics
RSUs vested and converted
3,250 units/shares
RSUs vested September 5, 2026 and converted one-for-one into common stock
Shares surrendered for taxes
1,278 shares
Common stock surrendered to pay tax liability upon RSU vesting
RSUs remaining
2,370 units
Restricted Stock Units directly held after the reported vesting
Per-share reference value
$24.15 per share
Shown for RSU conversion and tax-withholding share surrender
Derivative exercises
1 transaction / 3,250 shares
Exercise or conversion of derivative security (RSUs) on September 5, 2026
Tax-withholding disposition
1,278 shares
Shares delivered or withheld for tax liability payment
Key Terms
Restricted Stock Unit, common stock, vesting, tax liability, +1 more
5 terms
Restricted Stock Unit financial
"The reported transaction reflects the vesting and settlement of restricted stock units"
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.
common stock financial
"converted into an equivalent number of shares of common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"The reported transaction reflects the vesting and settlement of restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax liability financial
"payment of tax liability by delivering or withholding securities"
Exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
FAQ
What insider transaction did MCFT report for Michael O'Connell on this Form 4?
The filing reports that 3,250 RSUs vested for Sr. Vice President Michael O'Connell on September 5, 2026, and were automatically converted into 3,250 common shares, with a portion of those shares surrendered to cover related tax liability.
How many Restricted Stock Units does the insider still hold after this MCFT transaction?
After the vesting event, Michael O'Connell is reported as directly holding 2,370 Restricted Stock Units, which remain outstanding following the conversion of 3,250 RSUs into common stock on a one-for-one basis.
Was a Rule 10b5-1 trading plan involved in this MCFT Form 4 filing?
No. The filing indicates that no Rule 10b5-1 trading plan was reported in connection with these transactions, which involved RSU vesting, share conversion, and shares surrendered for tax liability.
AI-generated analysis. How Rhea-AI works. Not financial advice.