Maui Land & Pineapple Co Inc Director Stephen M Case Buys 967 Shares at $17/Share

Maui Land & Pineapple Co Inc (MLP) has reported that Director and 10% Owner, Stephen M. Case, has acquired 967 shares at a price of $17 per share on September 10, 2025.

Maui Land & Pineapple Co. Inc. (MLP) has reported a significant development in its water management strategy and shareholder activity. On September 10, 2025, the company announced a comprehensive strategic review of its water sources and infrastructure assets, amidst a historic drought and a lawsuit over irrigation access. Additionally, MLP's Director and 10% owner, Stephen M. Case, acquired 967 shares at a price of $17 per share on the same date Maui Land & Pineapple looks at selling Valley Isle water assets^[1].

The strategic review, overseen by a subcommittee of the board of directors, aims to evaluate and market certain assets for sale. This includes the Piiholo Well, with an estimated capacity of over 1 million gallons a day, along with land for additional well sites, pumps, and storage facilities managed by MLP’s Hawaii Water Service. The company has been positioning these assets for sale since early 2025, although no timetable for completion has been provided .

The review is part of MLP's broader commitment to responsible water stewardship and ensuring the evolution of its critical systems to meet the challenges of a changing environment. This move comes as Maui faces severe drought conditions and growing demand for water resources .

The strategic review has been criticized by TY Management, owner of Kapalua Golf, which alleges that MLP's decision to cut off irrigation water to Kapalua Golf on August 29 has put preparations for the 2026 PGA Tour event at risk. TY Management argues that the announcement of the strategic review is a distraction and does little to address the urgent needs of residents, farmers, and businesses .

Meanwhile, Stephen M. Case's acquisition of 967 shares at $17 per share is a notable addition to his stake in the company. The transaction, which occurred on the same day as the strategic review announcement, suggests a continued interest in MLP's future prospects. However, the impact of the strategic review on MLP's share price and overall financial health remains to be seen.

MLP's strategic review and share acquisition are significant developments that will be closely watched by investors and financial professionals. The company's ability to navigate the challenges posed by the drought and the lawsuit, while also ensuring the responsible stewardship of its water resources, will be critical to its long-term success.