Form 4: Latham Group Executive Dhruv Kaushal Bhikhesh Reports Acquisition and Disposal of Shares
SEC Form 4
CIO & CISO of Latham Group, Dhruv Kaushal Bhikhesh, reports acquiring and disposing of common stock, increasing his beneficial ownership.
Summary
- On March 5, 2025, Dhruv Kaushal Bhikhesh, CIO & CISO of Latham Group, acquired 56,215 shares of common stock at $0 and disposed of an unstated amount, resulting in a beneficial ownership of 364,166 shares.
- On March 7, 2025, Bhikhesh acquired 24,557 shares of common stock at $0, increasing his beneficial ownership to 388,723 shares.
- These transactions involve performance stock units (PSUs) earned over a one-year performance period granted on March 15, 2024, which will vest on March 15, 2027, and restricted stock units granted on March 7, 2025, vesting in installments from March 7, 2026, to March 7, 2029.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions by an executive. The acquisitions could be seen as slightly positive, but it's not a major event.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders may view the executive's stock acquisitions as a positive sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Performance stock units (PSUs) granted under the Issuer's 2021 Omnibus Equity Incentive Plan. |
| 03/05/2025 | Acquisition of 56,215 shares of common stock and disposal of an unstated amount. |
| 03/07/2025 | Grant date of restricted stock units. |
| 03/07/2025 | Acquisition of 24,557 shares of common stock. |
| 03/10/2025 | Date of the report filing. |
| 03/07/2026 | First vesting date for 6,139 restricted stock units. |
| 03/15/2027 | Vesting date for performance stock units (PSUs). |
| 03/07/2027 | Second vesting date for 6,139 restricted stock units. |
| 03/07/2028 | Third vesting date for 6,139 restricted stock units. |
| 03/07/2029 | Final vesting date for 6,140 restricted stock units. |
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