Maui Land & Pineapple (MLP) CFO reports stock grants and tax-share disposition

Rhea-AI Filing Summary

MAUI LAND & PINEAPPLE CO INC CFO Wade K. Kodama reported equity compensation and related tax withholding in company stock. On March 3, 2026, he received two grant or award acquisitions of 7,344 shares each of common stock and had 3,499 shares disposed in a tax-withholding transaction.

According to the equity plan terms, these long-term incentive shares for fiscal 2025 vest net of tax shares, with 612 shares scheduled to vest on the last business day of each calendar quarter from March 31, 2026 through December 31, 2028, contingent on his continued service as CFO on each vesting date.

SEC Form 4

FORM 4

UNITED 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

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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^*

KODAMA WADE K

(Last) (First) (Middle)

95-1025 AHIKAO ST.

(Street)

MILILANI HI 96789

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MAUI LAND & PINEAPPLE CO INC [ MLP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		A		7,344	A	$0	32,926	D
Common Stock	03/03/2026		F		3,499	D	$0	29,427	D
Common Stock	03/03/2026		A		7,344(1)	A	$0(1)	36,771	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares of common stock were granted under the Company's 2017 Equity and Incentive Award Plan as Long-Term incentive grants earned for Fiscal Year 2025. These shares shall vest net of deducted tax shares, and the forfeiture restrictions shall lapse, upon the last business day of each calendar quarter for 12 consecutive quarters occurring after the date of grant provided that Mr. KODAMA is the CFO of the Company on the applicable vesting dates. 612 shares are scheduled to vest on March 31, 2026, June 30, 2026, September 30, 2026, December 31, 2026, March 31, 2027, June 30, 2027, September 30, 2027, December 31, 2027, March 31, 2028, June 30, 2028, September 30, 2028, and December 31, 2028.

	/s/ WADE KODAMA	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did MLP CFO Wade Kodama report on March 3, 2026?

On March 3, 2026, MLP CFO Wade K. Kodama reported equity compensation activity in common stock. He received two grant or award acquisitions of 7,344 shares each and had 3,499 shares disposed to satisfy tax withholding obligations related to the stock awards.

How many Maui Land & Pineapple (MLP) shares did the CFO acquire through awards?

The CFO reported two grant or award acquisitions of 7,344 common shares each. These shares were granted as long-term incentive compensation under the company’s 2017 Equity and Incentive Award Plan, tied to performance for fiscal year 2025, and are subject to time-based vesting conditions.

Why were 3,499 MLP shares disposed in the CFO’s Form 4 filing?

The 3,499 MLP common shares were disposed in a tax-withholding transaction. This means shares were delivered to cover the exercise price or tax liability associated with the stock awards, rather than being sold in an open-market transaction, consistent with code F reporting rules.

How do the MLP CFO’s long-term incentive shares vest over time?

The long-term incentive shares vest quarterly over three years. Specifically, 612 shares are scheduled to vest on the last business day of each calendar quarter from March 31, 2026 through December 31, 2028, provided Wade K. Kodama remains CFO on each applicable vesting date.

Under which plan were the Maui Land & Pineapple CFO’s stock grants made?

The stock grants were made under Maui Land & Pineapple’s 2017 Equity and Incentive Award Plan. They are classified as long-term incentive grants earned for fiscal year 2025 and are designed to vest over 12 consecutive quarters, net of shares deducted to satisfy tax obligations.