Company: ONEW
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001772921-25-000007
Chunk: 68

Company: OneWater Marine Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 68
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 accordance with FASB ASC 718, excluding the effect of estimated forfeitures. See Note 13 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal 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.

(3) The directors are also eligible to receive discounts on certain purchases (including boats), services and storage and have access to demonstration boats for their personal use, but these additional perquisites did not result in any additional cost to us and therefore no amount is being reported in this table in connection with these perquisites.

#### Narrative to Director Compensation Table
We believe that attracting and retaining qualified non-employee independent directors is critical to the future value of our continued growth and governance. We also believe that the compensation package for our non-employee independent directors should require that a portion of the total compensation package be equity-based to align the interests of these directors with our equity holders. The following narrative describes the director compensation policy in effect during fiscal year 2024.

We pay our non-employee independent directors an annual retainer of $75,000 in cash each year and award each non-employee independent director with an RSU grant valued, on the date of grant, at $125,000, which will vest one year following the date of grant. The number of RSUs granted annually to the non-employee independent directors is determined by dividing the total value of the RSU award by the adjusted closing price of our Class A common stock immediately prior to the grant date. In addition, the various chairs of Board committees received the following additional cash retainers during fiscal year 2024:

Non-Executive Chair, if any: $80,000

Audit Committee Chair: $25,000

Compensation Committee Chair: $20,000

Governance Committee Chair: $20,000

Cash retainers are ordinarily paid quarterly in arrears. In addition, the Company maintains share ownership guidelines for non-employee directors. Non-employee directors are required to hold shares of our Class A common stock with a value of $225,000 within five years of joining the Board, $300,000 within six years of joining the Board, and $375,000 (or five times the value of the base annual retainer) within seven years of joining the Board.

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### CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS
In addition to the director and executive compensation