Form 4: Latham Group Executive Joshua Cowley Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Joshua Cowley, Chief Commercial Officer of Latham Group, Inc., reports the acquisition of restricted stock units.
Summary
- On March 15, 2024, Joshua D. Cowley, Chief Commercial Officer of Latham Group, Inc. [SWIM], acquired 191,707 shares of common stock at $0.
- These shares represent restricted stock units.
- Following the transaction, Cowley directly owns 384,743 shares of Latham Group, Inc.
- The restricted stock units vest in installments: 47,926 on March 15, 2025, and 47,927 on each of March 15, 2026, 2027, and 2028.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock units is a common practice and indicates confidence in the company's future, but it's not a major event.
Positives
- The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
Future Outlook
The vesting schedule of the restricted stock units suggests a multi-year commitment from the executive.
Industry Context
Form 4 filings are standard disclosures for company insiders, providing transparency into their transactions and holdings.
Stakeholder Impact
- Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction: Acquisition of 191,707 restricted stock units. |
| 03/15/2025 | Vesting date for 47,926 restricted stock units. |
| 03/15/2026 | Vesting date for 47,927 restricted stock units. |
| 03/15/2027 | Vesting date for 47,927 restricted stock units. |
| 03/15/2028 | Vesting date for 47,927 restricted stock units. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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