Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 58

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 58
---

         )

         22.10

         Forfeited

         (6,369
         )

         21.83

         Total Non-vested Restricted Stock Awards and Restricted Stock Units at June 30, 2023

         91,907

         23.66

         Granted

         181,706

         21.33

         Vested

         (146,650
         )

         22.15

         Forfeited

         (22,591
         )

         23.43

         Total Non-vested Restricted Stock Awards and Restricted Stock Units at June 30, 2024

         104,372

         21.76

         Granted

         274,944

         17.57

         Vested

         (149,437
         )

         18.77

         Forfeited

         (38,398
         )

         19.79

         Total Non-vested Restricted Stock Awards and Restricted Stock Units at June 30, 2025

         191,481

         18.61

       As of June 30, 2025, there was $3.3 million of total unrecognized compensation expense related to non-vested RSAs and RSUs. The Company expects this expense to be recognized over a weighted average period of 1.6 years.Performance Stock UnitsDuring the years ended June 30, 2025, 2024, and 2023, the Company granted performance shares to certain employees. The awards will be earned based on the Company’s achievement of certain performance criteria over a three-year performance period. The performance period for the awards commences on July 1 of the fiscal year in which they were granted and continues for a three-year period, ending on June 30 of the applicable year. The probability of achieving the performance criteria is assessed quarterly. Following the determination of the Company’s achievement with respect to the performance criteria, the amount of shares awarded will be subject to adjustment based on the application of a total shareholder return (“TSR”) modifier. The grant date fair value is determined based on both the assessment of the probability of the Company’s achieving the performance criteria and an estimate of the expected TSR modifier. The TSR modifier estimate is determined by using a Monte Carlo Simulation model, which considers the likelihood of all possible outcomes of long-term market performance. The amount of compensation cost the Company recognizes over the requisite service period is based on management’s