Maui Land & Pineapple (MLP) director gets 5,060-share 2026 award

Rhea-AI Filing Summary

CASE STEPHEN M reported acquisition or exercise transactions in this Form 4 filing.

Maui Land & Pineapple Co. Inc. director and more-than-10% owner Stephen M. Case reported an equity award of 5,060 shares of common stock on March 3, 2026 under the company’s 2017 Equity and Incentive Award Plan as director compensation for 2026.

The award carries a stated price of $0.00 per share and is subject to forfeiture restrictions that lapse quarterly, provided he remains a director. 1,265 shares are scheduled to vest on each of March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. Following this grant, he held 72,487 common shares directly.

The filing also reports indirect ownership of 11,987,834 common shares held by the Stephen M. Case Revocable Trust, for which Mr. Case serves as sole trustee with sole power to direct voting and disposition of those shares.

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

OMB APPROVAL

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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^*

CASE STEPHEN M

(Last) (First) (Middle)

1717 RHODE ISLAND AVENUE, N.W.

7TH FLOOR

(Street)

WASHINGTON DC 20036

(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)

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

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		5,060(1)	A	$0(1)	72,487	D
Common Stock								11,987,834	I	By Trust(2)

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 director compensation for the period from January 1, 2026 to December 31, 2026. These shares shall vest, and the forfeiture restrictions shall lapse, upon the last business day of each calendar quarter occurring after the date of grant provided that Mr. Case is a director of the Company on the applicable vesting date. 1,265 shares are scheduled to vest on March 31, 2026, 1,265 shares are scheduled to vest on June 30, 2026, 1,265 shares are scheduled to vest on September 30, 2026, and 1,265 shares are scheduled to vest on December 31, 2026.

2. Shares held by the Stephen M. Case Revocable Trust under agreement, dated December 17, 1998, as amended (the "Trust"). Mr. Case serves as the sole trustee of the Trust and has the sole power to direct the vote and disposition of the shares held by the Trust.

	/s/ STEPHEN M CASE	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 transaction did MLP director Stephen M. Case report?

Stephen M. Case reported receiving an award of 5,060 Maui Land & Pineapple common shares on March 3, 2026. The grant was issued under the 2017 Equity and Incentive Award Plan as director compensation for the 2026 calendar year.

How do the 5,060 granted MLP shares vest for Stephen M. Case?

The 5,060-share award vests quarterly in four equal installments of 1,265 shares. Vesting dates are March 31, June 30, September 30, and December 31, 2026, and each tranche requires that Mr. Case is a director on that vesting date.

What are Stephen M. Case’s direct MLP share holdings after this grant?

After the March 3, 2026 award, Stephen M. Case directly held 72,487 shares of Maui Land & Pineapple common stock. This figure reflects his direct ownership position as reported in the Form 4 following the 5,060-share director compensation grant.

What indirect MLP holdings does Stephen M. Case report through a trust?

Stephen M. Case reports indirect ownership of 11,987,834 Maui Land & Pineapple shares held by the Stephen M. Case Revocable Trust. He serves as sole trustee of the trust and has sole power to direct the voting and disposition of those indirectly held shares.

What plan governs the 2026 director share grant to Stephen M. Case at MLP?

The 5,060-share director compensation grant to Stephen M. Case is issued under Maui Land & Pineapple’s 2017 Equity and Incentive Award Plan. The shares are subject to forfeiture restrictions that lapse quarterly during 2026, contingent on continued board service.

Was there a cash purchase price for the MLP shares granted to Stephen M. Case?

The filing lists the transaction price per share as $0.00 for the 5,060 Maui Land & Pineapple common shares. This indicates the award was provided as non-cash director compensation rather than an open-market purchase of stock for cash consideration.