Michael K. Hooks - Jan 2, 2024 Form 4 Insider Report for MALIBU BOATS, INC. (MBUU)

Role
Director
Signature
MICHAEL K. HOOKS, /s/ Matthew Googe as attorney-in-fact
Stock symbol
MBUU
Transactions as of
Jan 2, 2024
Transactions value $
$26,917
Form type
4
Date filed
1/3/2024, 05:32 PM
Previous filing
Oct 30, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBUU Class A Common Stock Award $26.9K +491 +0.9% $54.82 55.3K Jan 2, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Directors' Compensation Policy (the "Policy"), directors may elect that their cash annual retainer be converted into either fully vested (i) shares of the Issuer's Class A Common Stock or (ii) rights to receive an award of stock units that will be paid on a deferred basis. In accordance with the reporting person's election, the reporting person was issued 491 stock units for the portion of the annual retainer earned for the quarterly period ended December 31, 2023.
F2 The stock units are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon the first to occur of (A) the date of the reporting person's separation from service, (B) the occurrence of a change in control under the Issuer's Long-Term Incentive Plan or (C) an in-service distribution date elected by the reporting person (each, a "Payment Event"). The reporting person may elect whether amounts becoming payable shall be paid in a lump-sum within 30 days following the Payment Event, or in annual installments over a period of 5 years or 10 years.
F3 Includes 6,999 stock units with vesting terms described in footnote 2 and 48,316 stock units that are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon or as soon as practicable, and in all events within 30 days, following the first to occur of (A) the date of the reporting person's separation from service or (B) the occurrence of a change in control under the Issuer's Long-Term Incentive Plan.