Form 4: Latham Group's Chief Information Officer Sells Shares to Cover Taxes

Kaushal Bhikhesh Dhruv, Chief Information Officer of Latham Group, Inc., sold 6,531 shares of common stock to cover taxes due on vested RSUs.

Summary

• Kaushal Bhikhesh Dhruv, the Chief Information Officer of Latham Group, Inc. (SWIM), reported a transaction involving the sale of company stock.
• On March 4, 2024, Dhruv sold 6,531 shares of common stock at a price of $3.05 per share.
• The sale was executed to cover taxes due on Restricted Stock Units (RSUs) that vested on March 1, 2024.
• Following the transaction, Dhruv directly owns 242,142 shares of Latham Group, Inc.
• Dhruv has granted power of attorney to Patrick M. Sheller, Emphani Aldridge, and Stephanie Swan to execute and file forms related to securities transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates