Form 4: Maui Land & Pineapple Co. Director Glyn Aeppel Receives Stock Grant as Director Compensation

Director Glyn Aeppel acquired 1,932 shares of Maui Land & Pineapple Co. common stock as part of the company's 2017 Equity and Incentive Award Plan.

Summary

• Glyn Aeppel, a director of Maui Land & Pineapple Co. Inc., acquired 1,932 shares of common stock on March 14, 2025.
• The acquisition was a grant under the company's 2017 Equity and Incentive Award Plan as 2025 director compensation.
• The shares vest in quarterly installments, with 483 shares vesting on the last business day of each calendar quarter, starting March 31, 2025, provided Ms. Aeppel remains a director on the vesting date.
• Following the transaction, Ms. Aeppel beneficially owns 17,159 shares of Maui Land & Pineapple Co. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director and shareholder interests. There are no indications of financial distress or negative performance.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director.

Industry Context

Director compensation through stock grants is a common practice to align the interests of board members with those of shareholders, particularly in smaller or closely held companies like Maui Land & Pineapple.

Comparison to Industry Standards

• Stock grants for directors are a standard practice across various industries, particularly in smaller companies where cash compensation might be limited.
• The vesting schedule, typically quarterly or annually, is designed to incentivize continued service on the board.
• Comparable companies in the real estate or hospitality sectors often use similar equity-based compensation plans for their directors.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to continue serving on the board and contributing to the company's strategy.

Key Dates