Form 4: Latham Group Executive Joshua Cowley Sells Shares to Cover Taxes
SEC Form 4 Filing
Joshua Cowley, Chief Commercial Officer of Latham Group, Inc., sold 14,650 shares of common stock to cover taxes due on vested RSUs.
Summary
- On March 4, 2024, Joshua D. Cowley, Chief Commercial Officer of Latham Group, Inc. (SWIM), sold 14,650 shares of common stock.
- The sale was executed at a price of $3.05 per share.
- The transaction was an automatic 'sell-to-cover' to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) on March 1, 2024.
- Following the transaction, Cowley directly owns 193,036 shares of Latham Group, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell-to-cover for taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when RSUs vest.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the reason for the sale (tax obligations) is generally understood.
Key Dates
| Date | Description |
|---|---|
| February 29, 2024 | Date of Power of Attorney execution. |
| March 1, 2024 | RSUs vested, triggering tax obligations. |
| March 4, 2024 | Date of stock sale transaction. |
| March 5, 2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.