Form 4: Latham Group Director James Cline Receives RSU Grant

Director James E. Cline was granted 22,727 restricted stock units in Latham Group, Inc. as part of equity compensation.

Summary

• Director James E. Cline acquired 22,727 restricted stock units (RSUs) of Latham Group, Inc. (SWIM) common stock.
• The transaction occurred on May 1, 2026, at a price of $0 per share, representing an equity grant.
• Following this transaction, the reporting person directly owns 211,978 shares.
• The reporting person maintains indirect ownership of 455,883 shares via the James E. Cline Revocable Trust and 50,000 shares via the Cynthia L. Cline Revocable Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director alignment with shareholder interests through increased equity holdings.

Negatives

• None.

Risks

• None.

Future Outlook

The granted restricted stock units are scheduled to vest on the first anniversary of the grant date, May 1, 2027.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board member incentives with long-term shareholder value in the manufacturing and home improvement sectors.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is consistent with standard compensation practices for mid-cap public companies.
• The vesting schedule of one year is a common retention and alignment mechanism used by industry peers.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation event.

Next Steps

• Vesting of the 22,727 restricted stock units on May 1, 2027.

Key Dates

Keywords

Latham Group, SWIM, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation