MasterCraft (MCFT) director settles 4,056 RSUs into common stock holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. director Peter G. Leemputte reported the vesting and settlement of 4,056 restricted stock units, which were automatically converted into 4,056 shares of common stock on a one-for-one basis. These shares are now held directly, bringing his direct common stock holdings to 36,867 shares following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,056 shares exercised/converted
Mixed
2 txns
Insider
LEEMPUTTE PETER G
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 — 36,867 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs converted: 4,056 shares
Price per share reference: $25.82 per share
Shares held after transaction: 36,867 shares
+1 more
4 metrics
RSUs converted
4,056 shares
Restricted stock units vested and settled into common stock
Price per share reference
$25.82 per share
Transaction price per share for the 4,056-share event
Shares held after transaction
36,867 shares
Director’s directly held MasterCraft common stock following conversion
RSU derivative position remaining
0 units
Restricted stock unit balance after 4,056-unit vesting and settlement
Key Terms
Restricted Stock Unit, vesting, one-for-one basis
3 terms
Restricted Stock Unit financial
"The reported transaction reflects the vesting and settlement of 4,056 restricted stock units ("RSUs")"
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.
vesting financial
"The reported transaction reflects the vesting and settlement of 4,056 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.
one-for-one basis financial
"the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis"
FAQ
What insider transaction did MasterCraft (MCFT) director Peter Leemputte report?
Director Peter G. Leemputte reported the vesting and settlement of 4,056 restricted stock units. These RSUs automatically converted into 4,056 shares of MasterCraft common stock on a one-for-one basis, increasing his directly held common stock position reported after the transaction.
Were Peter Leemputte’s MasterCraft (MCFT) RSUs acquired through an open-market purchase?
No, the 4,056 shares were not an open-market purchase. They resulted from the vesting and automatic conversion of 4,056 restricted stock units previously granted as compensation, turning into the same number of common shares under their original award terms.
How were the MasterCraft (MCFT) RSUs converted into common stock for Peter Leemputte?
According to the footnote, 4,056 restricted stock units vested and were automatically converted into an equivalent 4,056 shares of MasterCraft common stock. The conversion occurred on a one-for-one basis, consistent with the original terms of the RSU award.