STOCK TITAN

MasterCraft (MCFT) SVP settles RSUs, uses shares to pay taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MasterCraft Boat Holdings, Inc. senior vice president Michael O’Connell reported routine equity compensation activity. Restricted stock units vested and were automatically converted into an equivalent number of common shares on a one-for-one basis. To cover associated taxes, he surrendered 2,687 common shares in a tax-withholding disposition rather than selling them on the open market.

He exercised 1,185 restricted stock units into common stock at a reported price of $25.82 per share. Following these transactions, he holds 11,096 common shares directly and 5,620 restricted stock units that remain outstanding as of the filing.

Positive

  • None.

Negative

  • None.
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
Tax Withholding Common Stock 2,687 $25.82 $69K
Holdings After Transaction: Restricted Stock Unit — 5,620 shares (Direct, null); Common Stock — 11,096 shares (Direct, null)
Footnotes (1)
  1. 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. Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs.
Shares surrendered for taxes 2,687 shares Tax-withholding disposition for equity awards
RSUs exercised 1,185 units/shares Restricted stock units converted into common stock
Reported share price $25.82 per share Price associated with the reported transactions
Common shares after transactions 11,096 shares Direct MasterCraft common stock holdings
RSUs remaining outstanding 5,620 units Restricted stock units still held after vesting event
Restricted Stock Unit financial
"The reported transaction reflects the vesting and settlement of restricted stock units ("RSUs") previously granted"
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
"Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards"
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.
derivative security financial
"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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
O'CONNELL MICHAEL

(Last)(First)(Middle)
100 CHEROKEE COVE DRIVE

(Street)
VONORE TENNESSEE 37885

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MasterCraft Boat Holdings, Inc. [ MCFT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026M1,185(1)A$25.8211,096D
Common Stock06/30/2026F2,687(2)D$25.828,409D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/30/2026M1,185(1) (1) (1)Common Stock0$25.825,620D
Explanation of Responses:
1. 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.
2. Represents the surrender of shares for payment of taxes in connection with the vesting of restricted stock awards and conversion of RSUs.
/s/ W. Scott Kent, by power of attorney07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did MasterCraft (MCFT) report for Michael O’Connell?

MasterCraft (MCFT) reported that senior vice president Michael O’Connell had restricted stock units vest and convert into common shares, and he surrendered shares to cover taxes. These are compensation-related events rather than open-market buying or selling by the executive.

How many MasterCraft (MCFT) shares were surrendered for taxes in this Form 4?

The filing shows 2,687 MasterCraft (MCFT) common shares were surrendered in a tax-withholding transaction. This covered taxes owed on the vesting and settlement of restricted stock awards and restricted stock units, and does not represent an open-market sale of shares.

How many MasterCraft (MCFT) restricted stock units did Michael O’Connell exercise?

Michael O’Connell exercised 1,185 restricted stock units into an equivalent number of MasterCraft (MCFT) common shares. The Form 4 describes this as an exercise or conversion of a derivative security tied to previously granted equity compensation awards for the executive.

What are Michael O’Connell’s MasterCraft (MCFT) common share holdings after these transactions?

After the reported transactions, Michael O’Connell directly holds 11,096 MasterCraft (MCFT) common shares. This figure reflects his position following both the tax-withholding share surrender and the exercise of restricted stock units into newly issued common shares.

How many MasterCraft (MCFT) restricted stock units remain outstanding for Michael O’Connell?

The Form 4 indicates that 5,620 MasterCraft (MCFT) restricted stock units remain outstanding after the vesting event. These RSUs represent additional potential future common shares, subject to their specific vesting conditions and any applicable company or plan requirements.

Does this MasterCraft (MCFT) Form 4 show open-market buying or selling by the executive?

The Form 4 shows compensation-related events: RSU vesting, conversion into common shares, and a tax-withholding share surrender. It does not report open-market purchases or sales, so it mainly reflects routine handling of equity compensation for the senior vice president.