Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 109

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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 on the closing price of our common stock on the date immediately preceding the grant and the ultimate performance level achieved and is recognized on a graded basis over the applicable vesting period. The Company recognized $2.3 million and $2.1 million of compensation expense for the three months ended June 30, 2025 and 2024, respectively, which includes $1.2 million and $0.9 million of compensation expense for the three months ended June 30, 2025 and 2024, respectively, for performance-based units. The Company recognized $6.3 million and $6.5 million of compensation expense for the nine months ended June 30, 2025 and 2024, respectively, which includes $2.7 million and $2.6 million of compensation expense for the nine months ended June 30, 2025 and 2024, respectively, for performance-based units.

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The following table further summarizes activity related to restricted stock units for the nine months ended June 30, 2025:Restricted Stock Unit AwardsNumber of Shares Weighted Average Grant Date Fair ValueUnvested at September 30, 2024542,119$27.20 Awarded364,05023.91 Vested(238,352)27.54 Forfeited(3,999)25.51 Unvested at June 30, 2025663,818$25.29 As of June 30, 2025, the total unrecognized compensation expense related to outstanding equity awards was $6.3 million, which the Company expects to recognize over a weighted-average period of 1.3 years.We issue shares of our Class A common stock upon the vesting of performance-based restricted stock units and time-based restricted stock units. These shares are issued from our authorized and not outstanding common stock. In addition, in connection with the vesting of restricted stock units, we repurchase a portion of shares equal to the amount of employee income tax withholding. We recognize forfeitures of performance-based restricted stock units and time-based restricted stock units as the forfeitures occur.Net Earnings (Loss) Per ShareBasic and diluted net earnings (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to OneWater Inc by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted net earnings (loss) per share is computed by giving effect to all potentially dilutive shares.The following table sets forth the