MasterCraft (MCFT) CFO vests 4,884 RSUs, uses 3,750 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MasterCraft Boat Holdings, Inc.'s Chief Financial Officer Kent Walter Scott reported routine equity compensation activity rather than open-market trading. On June 30 and July 1, 2026, previously granted restricted stock units vested and were automatically converted into a total of 4,884 shares of common stock at values of $25.82 and $24.41 per share, as indicated. To cover tax liabilities tied to this vesting, 3,750 common shares were surrendered back to the company through tax-withholding dispositions, not market sales. After these transactions, Scott directly held 21,319 shares of MasterCraft common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,884 shares exercised/converted
Mixed
6 txns
Insider
Kent Walter Scott
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,254 | $24.41 | $79K |
| Exercise | Common Stock | 3,254 | $24.41 | $79K |
| Tax Withholding | Common Stock | 1,215 | $24.41 | $30K |
| Exercise | Restricted Stock Unit | 1,630 | $25.82 | $42K |
| Exercise | Common Stock | 1,630 | $25.82 | $42K |
| Tax Withholding | Common Stock | 2,535 | $25.82 | $65K |
Holdings After Transaction:
Restricted Stock Unit — 6,513 shares (Direct, null);
Common Stock — 22,534 shares (Direct, null)
Footnotes (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.
Key Figures
RSU shares vested and converted: 4,884 shares
Shares surrendered for taxes: 3,750 shares
Shares acquired July 1, 2026: 3,254 shares
+4 more
7 metrics
RSU shares vested and converted
4,884 shares
Total derivative exercises (M code) in this filing
Shares surrendered for taxes
3,750 shares
Tax-withholding dispositions (F code) linked to vesting
Shares acquired July 1, 2026
3,254 shares
Common stock from RSU conversion at $24.41 per share
Shares acquired June 30, 2026
1,630 shares
Common stock from RSU conversion at $25.82 per share
Shares surrendered July 1, 2026
1,215 shares
Common stock used for tax withholding at $24.41 per share
Shares surrendered June 30, 2026
2,535 shares
Common stock used for tax withholding at $25.82 per share
CFO holdings after transactions
21,319 shares
Direct ownership of MasterCraft common stock post-Form 4
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, vesting and settlement, +1 more
5 terms
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"
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 exercise/conversion financial
"transaction_action: "derivative exercise/conversion" with transaction code M"
vesting and settlement financial
"The reported transaction reflects the vesting and settlement of restricted stock units"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What did MasterCraft (MCFT) CFO Kent Scott report in this Form 4?
Kent Scott reported RSU vesting and related tax-withholding. Previously granted restricted stock units converted into common shares, and a portion of those shares was surrendered to cover taxes, reflecting routine compensation mechanics rather than open-market buying or selling.
What are the MasterCraft (MCFT) CFO’s holdings after these transactions?
Following these transactions, Kent Scott held 21,319 shares. This figure reflects his direct ownership of MasterCraft common stock after the RSU conversions and associated tax-withholding share surrenders disclosed in the Form 4.
What do the M and F transaction codes mean in the MasterCraft (MCFT) Form 4?
M indicates derivative exercise or conversion; F indicates tax-withholding. Here, M reflects RSUs converting into common stock, while F shows shares surrendered back to the company to pay tax liabilities on those vesting awards.