Form 4: Latham Group CFO Gloe Oliver C. Reports Stock Sale to Cover Taxes

Oliver C. Gloe, CFO of Latham Group, Inc., sold 10,216 shares of common stock on October 31, 2024, to cover taxes due on vested RSUs.

Summary

• On October 31, 2024, Oliver C. Gloe, the Chief Financial Officer of Latham Group, Inc. (SWIM), reported a transaction involving the company's common stock.
• Gloe sold 10,216 shares of common stock at a price of $6.44 per share.
• This sale was executed to cover taxes due on Restricted Stock Units (RSUs) that vested on October 30, 2024.
• Following the transaction, Gloe directly owns 282,706 shares of Latham Group, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine stock sale to cover taxes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common practice for executives to cover tax obligations related to vested equity compensation.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the routine nature of the transaction.

Key Dates