Form 4: Latham Group Executive Joshua Cowley Reports Acquisition of Shares
SEC Form 4 Filing
Chief Commercial Officer Joshua D. Cowley reports acquiring shares of Latham Group, Inc. through performance stock units and restricted stock units.
Summary
- On March 5, 2025, Joshua D. Cowley acquired 149,778 shares of Latham Group, Inc. common stock at $0 per share, resulting from performance stock units (PSUs) earned over a one-year performance period granted on March 15, 2024.
- These PSUs will vest on March 15, 2027.
- On March 7, 2025, Cowley acquired an additional 49,114 shares of common stock at $0 per share, representing restricted stock units (RSUs).
- These RSUs will vest in installments on March 7 of 2026, 2027, 2028 and 2029.
- Following these transactions, Cowley's direct ownership in Latham Group, Inc. totals 570,571 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock acquisitions by an executive, which doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of shares by a high-ranking officer could be interpreted positively, signaling confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions and provides insight into executive compensation structures, which are common across publicly traded companies.
Stakeholder Impact
- The filing informs shareholders about changes in beneficial ownership by company executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of grant for performance stock units. |
| 03/05/2025 | Date of acquisition of 149,778 shares through performance stock units. |
| 03/07/2025 | Date of acquisition of 49,114 shares through restricted stock units. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
| 03/15/2027 | Vesting date for the performance stock units. |
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