Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 52

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 52
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1, 2023, October 1, 2024 and October 1, 2025.

31

(5) These RSU awards vest in equal installments on each of the first three anniversaries of October 1, 2023.

(6) The number of units and the associated market value reported in this row represents the achievement of the performance metrics for the PSUs based on the Company's actual performance at fiscal year end at 74% of target. The performance period for the PSUs began on October 1, 2023 and ended on September 30, 2024. In December 2024, the compensation committee certified achievement of the performance metrics for the PSUs at 74%. The PSUs that became contingently earned following certification of achievement of the performance metrics then converted into RSU awards that vest in three equal installments on each of December 10, 2024 (the date on which performance was certified), October 1, 2025 and October 1, 2026.

(7) The amounts in this column reflect the market value of the shares of Class A common stock subject to outstanding awards of RSUs and PSUs, calculated by multiplying the number of RSUs or PSUs reported by $23.91, the closing price of our Class A common stock on September 30, 2024, the last day of our fiscal year.

Narrative Disclosure to Outstanding Equity Awards at Fiscal Year-End

The Company has adopted the Incentive Plan. The Incentive Plan is an omnibus plan that allows the Company to grant different types of equity awards. Currently, RSUs and PSUs are being granted under the Incentive Plan.

During fiscal years 2022, 2023 and 2024 we granted RSUs and PSUs to our Named Executive Officers under the Incentive Plan. For fiscal years 2022, 2023 and 2024, the aggregate value of the equity grants was allocated 60% to PSUs and 40% to RSUs for each Named Executive Officer.

In fiscal year 2022, the RSUs granted to the Named Executive Officers equaled 14,922 total RSUs with an aggregate grant date fair value of $600,014 for each of Messrs. Singleton and Aisquith and 4,974 total RSUs with an aggregate grant date fair value of $200,005 for Mr. Ezzell. In fiscal year 2023, the RSUs