Form 4: Latham Group CFO Oliver C. Gloe Reports Acquisition of Restricted Stock Units

Oliver C. Gloe, CFO of Latham Group, Inc., reports the acquisition of restricted stock units on March 15, 2024.

Summary

• On March 15, 2024, Oliver C. Gloe, the Chief Financial Officer of Latham Group, Inc. (SWIM), acquired 153,659 shares of common stock.
• These shares were acquired as restricted stock units at a price of $0.
• Following this transaction, Gloe directly owns 265,422 shares of Latham Group, Inc.
• The restricted stock units vest over a period of four years, with 38,414 shares vesting on March 15, 2025, and 38,415 shares vesting annually on March 15 in 2026, 2027, and 2028.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CFO over the next four years.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Stakeholder Impact

• The granting of restricted stock units to the CFO can positively impact shareholders by aligning management's interests with the company's long-term success.
• Employees may view this as a positive sign of investment in leadership.

Key Dates