Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 44

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 44
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 13 to our consolidated financial statements in our Annual Report on Form 10-K for the year ended September 30, 2024 for a discussion of the assumptions used in determining the FASB ASC 718 grant date fair value of these awards.

For purposes of determining the grant date fair value of the PSUs granted during fiscal year 2024, in accordance with SEC rules and FASB ASC Topic 718, we have assumed that the probable outcome of the performance conditions would results in an aggregate settlement of the PSUs at target (100%). If the PSUs were settled at the maximum payout level of 200%, the grant date fair value of the performance-based RSU awards would be as follows: Mr. Singleton, $3,024,082; Mr. Aisquith, $3,024,082; and Mr. Ezzell, $1,224,021. Based on the Company’s actual achievement of the applicable performance metrics during the performance period beginning on October 1, 2023, and ending on September 30, 2024, 74% of the PSUs were contingently earned and will vest ratably over a three-year period, subject to the Named Executive Officer’s continued performance of services to the Company through each vesting date.

The vesting schedule applicable to each award of RSUs and PSUs is described in more detail below under the “Outstanding Equity Awards at Fiscal Year End” table and under the section below entitled “Narrative Disclosure to Outstanding Equity Awards Fiscal Year-End.”

(2) All of our Named Executive Officers were eligible to receive an annual cash bonus during fiscal year 2024 pursuant to our annual incentive compensation program. The annual incentive arrangement for each Named Executive Officer is described above in the discussion entitled “Compensation Discussion & Analysis―Annual Cash Incentive Award.”

(3) All of our Named Executive Officers received $50,000 during fiscal year 2024 pursuant to a payout under the AIP . The AIP is described in more detail below in the section above entitled “Compensation Discussion & Analysis―Acquisition Incentive Program.”

(4) “All Other Compensation” with respect to fiscal year 2024 includes perquisites and other personal benefits consisting of medical premiums of $23,368 paid by us for the benefit of each of the Named Executive Officers at amounts greater than amounts available to employees generally. We paid for wellness benefits for the benefit of Messrs. Singleton, Aisquith and Ezzell in amounts