Maui Land & Pineapple (MLP) CEO awarded 32K restricted shares

Rhea-AI Filing Summary

Randle Race A. reported acquisition or exercise transactions in this Form 4 filing.

Maui Land & Pineapple Co. CEO Randle Race A. received a grant of 32,000 shares of common stock at no cost under the company’s 2017 Equity and Incentive Award Plan. These shares are subject to forfeiture and will vest quarterly over 16 calendar quarters starting on June 30, 2026, if he remains CEO on each vesting date. After this grant, he directly holds 116,821 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Randle Race A.

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	32,000	$0.00	--

Holdings After Transaction: Common Stock — 116,821 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity grant size: 32,000 shares Post-transaction holdings: 116,821 shares Vesting schedule: 16 calendar quarters

3 metrics

Equity grant size 32,000 shares Common stock award to CEO Randle Race A.

Post-transaction holdings 116,821 shares CEO direct common stock ownership after grant

Vesting schedule 16 calendar quarters Equal installments beginning on June 30, 2026

Key Terms

2017 Equity and Incentive Award Plan, forfeiture restrictions, vest

3 terms

2017 Equity and Incentive Award Plan financial

"These shares of common stock were granted under the Company's 2017 Equity and Incentive Award Plan."

forfeiture restrictions financial

"These shares shall vest, and the forfeiture restrictions shall lapse, upon the last business day of each calendar quarter..."

vest financial

"These shares shall vest, and the forfeiture restrictions shall lapse, upon the last business day of each calendar quarter..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

Randle Race A.

(Last) (First) (Middle)

C/O MAUI LAND & PINEAPPLE COMPANY, I

500 OFFICE ROAD

(Street)

LAHAINA HAWAII 96761

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A		32,000(1)	A	$0	116,821	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. 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. Randle is the CEO of the Company on the applicable vesting dates. 32,000 shares are scheduled to vest in equal installments over 16 calendar quarters beginning on June 30, 2026.

	/s/ RACE A. RANDLE	05/22/2026
	** Signature of Reporting Person	Date
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 did Maui Land & Pineapple (MLP) disclose about its CEO in this Form 4?

Maui Land & Pineapple reported that CEO Randle Race A. received a grant of 32,000 shares of common stock at no cost. The award comes under the company’s 2017 Equity and Incentive Award Plan and represents additional equity-based compensation tied to continued service.

How many Maui Land & Pineapple (MLP) shares were granted to the CEO?

The CEO received a grant of 32,000 shares of Maui Land & Pineapple common stock. These shares are part of an equity award and are subject to vesting and forfeiture conditions rather than being an immediate, unrestricted ownership increase.

What are the vesting terms for the Maui Land & Pineapple (MLP) CEO’s 32,000-share award?

The 32,000 granted shares will vest in equal installments over 16 calendar quarters. Vesting begins on June 30, 2026, and continues each quarter, provided Randle Race A. is still serving as CEO on each applicable vesting date.

Under which plan was the Maui Land & Pineapple (MLP) CEO’s equity grant made?

The grant was made under Maui Land & Pineapple’s 2017 Equity and Incentive Award Plan. This plan enables the company to issue stock-based compensation, such as grants and awards, to align executives’ interests with long-term shareholder value.

How many Maui Land & Pineapple (MLP) shares does the CEO own after this transaction?

Following the grant, CEO Randle Race A. directly owns 116,821 shares of Maui Land & Pineapple common stock. This figure reflects his reported direct holdings immediately after the 32,000-share equity award was recorded.

Are the Maui Land & Pineapple (MLP) CEO’s newly granted shares immediately unrestricted?

No, the 32,000 granted shares are subject to forfeiture restrictions and vest over time. They vest quarterly over 16 calendar quarters starting June 30, 2026, contingent on his continued service as CEO on each vesting date.