Form 4: Latham Group's General Counsel Sells Shares to Cover Taxes on Vested RSUs
SEC Form 4 Filing
Patrick M. Sheller, General Counsel & Secretary of Latham Group, Inc., sold 3,942 shares of common stock to cover taxes due on vested RSUs.
Summary
- On August 9, 2024, Patrick M. Sheller, General Counsel & Secretary of Latham Group, Inc. (SWIM), sold 3,942 shares of common stock.
- The sale was executed at a price of $5.08 per share.
- This transaction was an automatic 'sell-to-cover' to satisfy tax obligations related to Restricted Stock Units (RSUs) that vested on August 8, 2024.
- Following the transaction, Sheller directly owns 270,954 shares of Latham Group, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a routine 'sell-to-cover' to meet tax obligations, which is a common occurrence when RSUs vest.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | RSUs vested |
| 08/09/2024 | Date of stock sale transaction |
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