Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 49

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 49
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, Mr. Aisquith and Mr. Ezzell, respectively.

Long Term Incentive Compensation . Each Named Executive Officer has historically been eligible to participate in our incentive unit plan and, effective with the closing of our IPO, the Incentive Plan. The Employment Agreements provide for an initial target value for annual grants of long-term equity incentive awards to the Named Executive Officers, with the number of incentive units to be issued to each Named Executive Officer determined based on the market price of our common stock on the date of grant. The initial target amounts provided in the Employment Agreements were $520,000, $520,000 and $300,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. The target aggregate value for each Named Executive Officer’s annual long-term equity incentive award is determined annually by the compensation committee or the Board. For fiscal year 2021 and fiscal year 2022, the target amounts were set at $1,500,000, $1,500,000 and $500,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year 2023, the target amounts were set at $1,500,000, $1,500,000 and $750,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. For fiscal year 2024, the target amounts were set at $2,520,000, $2,520,000 and $1,020,000 for Mr. Singleton, Mr. Aisquith and Mr. Ezzell, respectively. Actual payouts of the annual long-term incentive awards (and thus the number of shares of common stock that may ultimately be granted to each Named Executive Officer) are determined based on the achievement of specified performance measures. For more information, see the section entitled “Compensation Discussion and Analysis ― Annual Long-Term Incentive Awards” above. The grant date fair value of RSU and PSU awards granted to each Named Executive Officer for fiscal years 2022, 2023 and 2024 has been disclosed above in the “Stock Awards” column of the Summary Compensation Table.

Acquisition Incentive Program . In fiscal year 2022, the Company adopted a long-term cash incentive program in which all of our Named Executive Officers participated during the 2022, 2023 and 2024 fiscal years. Under the AIP, each Named