Form 4: OneWater Marine Inc. CEO Philip Austin Singleton Jr. Increases Stake in Company
SEC Form 4
CEO Philip Austin Singleton Jr. and related entities increase their holdings in OneWater Marine Inc. through open market purchases.
Summary
- Philip Austin Singleton Jr., CEO of OneWater Marine Inc., along with related entities, reported changes in beneficial ownership.
- On March 12, 2025, Auburn OWMH, LLLP purchased 5,371 shares of Class A common stock at a weighted average price of $16.13, with prices ranging from $15.81 to $16.25.
- On March 13, 2025, Auburn OWMH, LLLP purchased an additional 4,629 shares of Class A common stock at a weighted average price of $16.13, with prices ranging from $15.91 to $16.25.
- Following these transactions, Auburn OWMH, LLLP beneficially owns 692,368 shares.
- Philip Austin Singleton Jr. directly owns 108,132 shares.
- The Austin Singleton Irrevocable Trust, Dated December 30, 2015, owns 602,033 shares.
- The Philip Singleton Irrevocable Trust, Dated December 24, 2015, owns 345,678 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the document itself is simply a report of transactions.
Positives
- The CEO's increased investment in the company may signal confidence in its future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued.
Stakeholder Impact
- Shareholders may view the insider buying as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 2015-12-24 | Date of Philip Singleton Irrevocable Trust |
| 2015-12-30 | Date of Austin Singleton Irrevocable Trust |
| 2025-03-12 | Auburn OWMH, LLLP purchased 5,371 shares of Class A common stock |
| 2025-03-13 | Auburn OWMH, LLLP purchased 4,629 shares of Class A common stock |
| 2025-03-14 | Date of signatures for the Form 4 filing |
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