Form 4: MasterCraft Boat Holdings Executive George Steinbarger Receives Restricted Stock Grant

George Steinbarger, President of Crest Marine LLC, receives 13,993 shares of restricted stock from MasterCraft Boat Holdings, Inc.

Summary

• On March 4, 2024, George Steinbarger, President of Crest Marine LLC, was granted 13,993 shares of restricted stock by MasterCraft Boat Holdings, Inc.
• The grant was made pursuant to MCBC Holdings, Inc.'s 2015 Incentive Award Plan.
• The restricted stock will vest in three equal annual installments on March 4, 2025, March 4, 2026, and March 4, 2027.
• Following the transaction, Steinbarger beneficially owns 41,929 shares of MasterCraft Boat Holdings, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral positive.

Positives

• The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution to the company's success.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of stock grant is a common practice in the industry to incentivize and retain key executives.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for management.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates