Company: MCFT
Filing Date: 2025-08-27
Form Type: 10-K
Source: 0000950170-25-111682
Chunk: 57

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-08-27
Form: 10-K
Item: Item 6
Chunk 57
---

         2023

         Restricted stock awards
          
         $
         2,915

         $
         2,971

         $
         2,150

         Performance stock units

         —

         (369
         )

         1,312

         Share-based compensation expense
          
         $
         2,915

         $
         2,602

         $
         3,462

       The amount of compensation cost the Company recognizes over the requisite service period is based on the Company’s best estimate of the achievement of the performance conditions and can fluctuate over time.The following table presents the income tax benefit (expense) related to share-based compensation expense within continuing operations recognized by award type for the years ended June 30, 2025, 2024, and 2023.

         2025

         2024

         2023

         Restricted stock awards
          
         $
         682

         $
         688

         $
         498

         Performance stock units

         —

         (85
         )

         304

         Share-based compensation expense
          
         $
         682

         $
         603

         $
         802

       Restricted StockAll RSAs granted to non-employee directors vest over the remainder of that fiscal year, and all RSAs and RSUs granted to employees vest over a period of between one to three years. Generally, non-vested RSAs and RSUs are forfeited if employment is terminated prior to vesting. RSAs and RSUs are granted at a per share fair value equal to the market value of the Company’s common stock on the grant date. The Company recognizes the cost of non-vested RSAs and RSUs ratably over the requisite service period.

59

The fair value of RSAs vested during the years ended June 30, 2025, 2024, and 2023 was $2.7 million, $2.9 million, and $3.2 million, respectively. A summary of RSA and RSU activity for these years is as follows:

         Number of Restricted Stock Awards Outstanding

         Weighted Average Grant Date Fair Value

         Total Non-vested Restricted Stock Awards and Restricted Stock Units at June 30, 2022

         106,408

         $
         21.65

         Granted

         104,657

         23.91

         Vested

         (112,789