Form 4: Latham Group's General Counsel Sells Shares to Cover Taxes After RSU Vesting
SEC Form 4 Filing
Patrick M. Sheller, General Counsel & Secretary of Latham Group, Inc., sold 10,431 shares of common stock to cover taxes due on vested RSUs.
Summary
- On March 4, 2024, Patrick M. Sheller, General Counsel & Secretary of Latham Group, Inc. (SWIM), sold 10,431 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, Sheller directly owns 139,164 shares of Latham Group, Inc.
- Sheller has granted a Power of Attorney to Emphani Aldridge and Stephanie Swan of Honigman LLP to execute and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations after RSU vesting are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is likely insignificant given the context of tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 29, 2024 | Date of execution for the Power of Attorney. |
| March 1, 2024 | RSUs vested, triggering tax obligations. |
| March 4, 2024 | Date of the stock sale transaction. |
| March 5, 2024 | Date of signature for the SEC filing. |
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