Michael O'Connell, Senior Vice President at MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), filed a Form 4 on September 9, 2026, disclosing transactions dated September 5, 2026, related to the vesting of restricted stock units and the surrender of shares for tax withholding.

Key Highlights

  • RSU Vesting: 3,250 restricted stock units vested and were automatically converted into 3,250 shares of common stock on a one-for-one basis on September 5, 2026.
  • Tax Withholding Surrender: 1,278 shares were surrendered to cover tax obligations in connection with the RSU vesting, at a price of $24.15 per share.
  • Resulting Ownership: Following both transactions, O'Connell directly holds 10,381 shares of common stock.
  • Remaining RSUs: O'Connell holds 2,370 restricted stock units as derivative securities following the reported transactions.
  • Transaction Price: Both the vesting conversion and the tax-related share surrender are recorded at $24.15 per share.

RSU Vesting and Tax Share Surrender by MasterCraft Boat Holdings Senior Vice President

According to the Form 4 filed with the SEC, Michael O'Connell, identified as Senior Vice President of MasterCraft Boat Holdings, Inc., reported two transactions in the company's common stock occurring on September 5, 2026. The filing was signed by W. Scott Kent, by power of attorney, and dated September 9, 2026.

The first transaction, coded "M," reflects the vesting and settlement of 3,250 restricted stock units previously granted to O'Connell. As described in the filing's explanation of responses, "upon vesting, the RSUs were automatically converted into an equivalent number of shares of common stock on a one-for-one basis." This acquisition brought O'Connell's directly held common stock position to 11,659 shares immediately following the conversion.

The second transaction, coded "F," records the disposal of 1,278 shares at $24.15 per share. According to the filing, this "represents the surrender of shares for payment of taxes in connection with the vesting and conversion of RSUs." After this surrender, O'Connell's direct beneficial ownership of common stock stood at 10,381 shares. In Table II, the filing also shows that O'Connell's remaining directly held restricted stock units decreased from 3,250 to 2,370 following the vesting event, with the derivative security valued at $24.15 per share.

What Was Disclosed

The filing discloses RSU vesting resulting in 3,250 new common shares for O'Connell, followed by the surrender of 1,278 shares for tax withholding, leaving him with 10,381 shares of common stock and 2,370 remaining RSUs held directly.