MasterCraft Boat Holdings, Inc. (MCFT) reports RSU vesting and tax share surrender
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc. reports that Sr. Vice President Michael O'Connell had 1,185 restricted stock units vest on June 30, 2026, converting into an equal number of common shares at $25.82 per share. In connection with these awards, 2,687 shares were surrendered to cover taxes. After these transactions, he directly holds 8,409 shares of common stock and 5,620 restricted stock units, reflecting equity compensation activity rather than open-market buying or selling.
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Insider Trade Summary
Net Seller: 1,502 shares
Net Sell
3 txns
Insider
O'CONNELL MICHAEL
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,185 | $25.82 | $31K |
| Exercise | Common Stock | 1,185 | $25.82 | $31K |
| Exercise Price or Tax Liability | Common Stock | 2,687 | $25.82 | $69K |
Holdings After Transaction:
Restricted Stock Unit — 5,620 shares (Direct);
Common Stock — 8,409 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 of restricted stock awards and conversion of RSUs.
Key Figures
RSUs converted to common stock: 1,185 units at $25.82 per share
Shares surrendered for taxes: 2,687 shares at $25.82 per share
Post-transaction common stock holdings: 8,409 shares
+1 more
4 metrics
RSUs converted to common stock
1,185 units at $25.82 per share
Restricted stock units vesting on June 30, 2026
Shares surrendered for taxes
2,687 shares at $25.82 per share
Tax-withholding disposition related to equity award vesting
Post-transaction common stock holdings
8,409 shares
Direct ownership after June 30, 2026 transactions
Remaining restricted stock units
5,620 units
RSU balance following the reported vesting event
Key Terms
Restricted Stock Unit, tax-withholding disposition, vesting and settlement, one-for-one basis
4 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.
tax-withholding disposition financial
"transaction_action "tax-withholding disposition" for 2,687 common shares"
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.
vesting and settlement financial
"The reported transaction reflects the vesting and settlement of RSUs previously granted"
one-for-one basis financial
"RSUs were automatically converted into an equivalent number of shares on a one-for-one basis"
FAQ
What equity awards vested for MCFT executive Michael O'Connell on June 30, 2026?
Michael O'Connell had 1,185 restricted stock units vest and automatically convert into the same number of MasterCraft common shares at $25.82 per share, as described in the filing’s footnote on RSU vesting and settlement.
What are Michael O'Connell's MCFT holdings after these Form 4 transactions?
After the reported vesting and tax-withholding events, Michael O'Connell directly owns 8,409 shares of MasterCraft common stock and has 5,620 restricted stock units outstanding, reflecting his post-transaction equity position in the company.
Were Michael O'Connell's MCFT transactions executed under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 status flag is false, meaning these RSU vesting and tax-withholding transactions were not affirmed as being carried out under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
