Director Battle W. Patrick gains 4,056 MCFT shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. director Battle W. Patrick acquired 4,056 shares of common stock through the vesting and settlement of previously granted restricted stock units at an indicated price of $25.82 per share. Following this compensation-related conversion, he directly holds 31,511 shares of MasterCraft common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,056 shares exercised/converted
Mixed
2 txns
Insider
Battle W. Patrick
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 — 31,511 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 4,056 shares
Indicated price per share: $25.82 per share
Post-transaction holdings: 31,511 shares
+2 more
5 metrics
Shares acquired
4,056 shares
Common stock from RSU vesting on 2026-06-30
Indicated price per share
$25.82 per share
Common stock related to RSU settlement
Post-transaction holdings
31,511 shares
Common stock directly held after RSU conversion
RSUs vested and settled
4,056 units
Restricted stock units converting one-for-one into common stock
Derivative positions remaining
0 RSUs
DerivativeSummary shows no remaining RSUs after settlement
Key Terms
Restricted Stock Unit, vesting and settlement, one-for-one basis, Exercise or conversion of derivative security
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.
vesting and settlement financial
"The reported transaction reflects the vesting and settlement of 4,056 restricted stock units ("RSUs") previously granted to the reporting person."
one-for-one basis financial
"Upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What did MasterCraft (MCFT) director Battle W. Patrick report on this Form 4?
Battle W. Patrick reported acquiring 4,056 shares of MasterCraft common stock. The shares came from the vesting and settlement of previously granted restricted stock units, which automatically converted into an equal number of common shares as part of his equity compensation.
Was this MasterCraft (MCFT) Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market trade. It reflects the vesting and settlement of 4,056 restricted stock units that automatically converted into the same number of common shares, classified as an exercise or conversion of a derivative security.
What does the footnote reveal about the MasterCraft (MCFT) RSU transaction?
The footnote explains that 4,056 restricted stock units previously granted to Battle W. Patrick vested and settled. Upon vesting, the RSUs were automatically converted into 4,056 shares of MasterCraft common stock on a one-for-one basis under the company’s equity compensation terms.