Form 4: OneWater Marine Director Lamkin Receives Restricted Stock Units

Director Jeffrey B. Lamkin was granted 5,228 restricted stock units in OneWater Marine Inc. on October 1, 2024, which will vest on October 1, 2025, contingent upon continued service.

Summary

• On October 1, 2024, Jeffrey B. Lamkin, a director of OneWater Marine Inc., was granted 5,228 restricted stock units under the company's 2020 Omnibus Incentive Plan.
• These restricted stock units will vest on October 1, 2025, provided Lamkin continues to serve as a director until that date.
• Following this transaction, Lamkin directly owns 26,036 shares of Class A common stock and indirectly owns 62,695 shares through L13, LLLP.
• Lamkin disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's equity compensation. It's neutral in tone and reflects standard corporate governance practices.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of OneWater Marine Inc.

Future Outlook

The vesting of the restricted stock units is contingent upon the recipient's continued service as a director of OneWater Marine Inc. through October 1, 2025.

Management Comments

• The Reporting Person disclaims beneficial ownership of the shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

Equity compensation is a common practice in the marine industry to incentivize and retain key personnel, aligning their interests with shareholder value.

Comparison to Industry Standards

• Companies like MarineMax (HZO) and Brunswick Corporation (BC) also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules and amounts of equity grants are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• The grant of restricted stock units could potentially align the director's interests more closely with those of the shareholders.

Key Dates