Form 4: Laven Mark Phillip Reports Acquisition of Latham Group Stock and Restricted Stock Units
SEC Form 4 Filing
Director Laven Mark Phillip reports acquiring 36,538 shares of Latham Group stock and a restricted stock unit grant.
Summary
- On May 2, 2024, Mark Phillip Laven, a director of Latham Group, Inc. [SWIM], acquired 36,538 shares of common stock at $0.
- Laven also acquired a restricted stock unit grant for 36,538 shares that vests on the first anniversary of the grant date.
- Following the transaction, Laven directly owns 1,009,733 shares of common stock.
- Laven indirectly owns 500,433 shares through Laven Family Holdings, LLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of shares by a director could be seen as a positive signal about the company's prospects.
Future Outlook
The restricted stock units vest on the first anniversary of May 2, 2024.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction could influence investor perception of the company.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: acquisition of common stock and restricted stock unit grant. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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