Maui Land & Pineapple (NYSE: MLP) CEO gets stock grants vesting to 2028

Rhea-AI Filing Summary

Maui Land & Pineapple CEO Randle Race reported equity compensation and related tax-share transactions in common stock. He acquired 24,610 and 24,612 shares as stock grants under the Company’s 2017 Equity and Incentive Award Plan as long-term incentives earned for fiscal year 2025. He also disposed of 18,008 shares through a tax-withholding transaction to cover exercise price or tax liabilities by delivering shares.

The granted shares vest net of deducted tax shares, with forfeiture restrictions lapsing on the last business day of each calendar quarter for 12 consecutive quarters after the grant date, so long as he remains CEO on each vesting date. According to the schedule, 2,051 shares are set to vest on March 31, June 30, September 30, and December 31 of each year from 2026 through 2028.

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^*

Randle Race A.

(Last) (First) (Middle)

C/O MAUI LAND & PINEAPPLE COMPANY, INC.

500 OFFICE ROAD

(Street)

LAHAINA HI 96761

(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)
	CEO

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		24,610	A	$0	81,207	D
Common Stock	03/03/2026		F		18,008	D	$0	63,199	D
Common Stock	03/03/2026		A		24,612(1)	A	$0(1)	87,811	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. Randle is the CEO of the Company on the applicable vesting dates. 2,051 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/ RACE A. RANDLE	03/05/2026
	** Signature of Reporting Person	Date
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FAQ

What stock transactions did Maui Land & Pineapple (MLP) CEO Randle Race report on this Form 4?

CEO Randle Race reported two stock grants and one tax-related share disposition. He received common stock awards under the 2017 Equity and Incentive Award Plan and delivered shares in a tax-withholding transaction to satisfy exercise price or tax liabilities.

How many Maui Land & Pineapple common shares were granted to CEO Randle Race?

Randle Race received two common stock grants of 24,610 and 24,612 shares. These awards were granted as long-term incentive compensation earned for fiscal year 2025 under Maui Land & Pineapple’s 2017 Equity and Incentive Award Plan.

What is the vesting schedule for Randle Race’s Maui Land & Pineapple stock awards?

The awards vest over 12 consecutive quarters after the grant date, net of tax shares. For each quarter-end from March 31, 2026, through December 31, 2028, 2,051 shares are scheduled to vest, provided he remains CEO on each vesting date.

Why did Randle Race dispose of 18,008 Maui Land & Pineapple shares in this filing?

The 18,008-share disposition is coded as a tax-withholding transaction. Shares were delivered to pay the exercise price or satisfy tax liabilities, rather than being reported as an open-market sale, and the ownership is shown as direct.

Under which plan were the Maui Land & Pineapple CEO’s stock grants made, and what type are they?

The stock grants were made under Maui Land & Pineapple’s 2017 Equity and Incentive Award Plan. They are described as long-term incentive grants of common stock earned for fiscal year 2025, subject to quarterly vesting and forfeiture restrictions.