Form 4: Leslie's Executive Reports Routine Stock Transactions

Leslie's SVP, General Counsel, and Corporate Secretary, Benjamin Lindquist, reported the vesting of 20,000 restricted stock units and subsequent sale of shares for tax withholding.

Summary

• Benjamin Lindquist, SVP, General Counsel, and Corporate Secretary of Leslie's, Inc., reported transactions on August 26, 2025.
• 20,000 Restricted Stock Units (RSUs) vested, leading to the acquisition of 20,000 shares of Common Stock.
• 5,591 shares of Common Stock were disposed of at a price of $0.3361 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Lindquist beneficially owns 21,886 shares of Common Stock and 63,424 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports routine executive compensation transactions (RSU vesting and tax-related share disposition), which are standard and do not indicate significant positive or negative operational or financial news for the company.

Positives

• Benjamin Lindquist received 20,000 shares of Common Stock from the vesting of Restricted Stock Units, representing a component of his compensation.

Negatives

• 5,591 shares of Common Stock were sold to cover tax obligations, which is a routine part of RSU vesting.

Future Outlook

20,000 Restricted Stock Units are scheduled to vest on August 26, 2026, contingent upon Mr. Lindquist's continuous employment with Leslie's, Inc. or an affiliate.

Management Comments

• Each Restricted Stock Unit represents the contingent right to receive one share of the Issuer's Common Stock upon vesting.
• The grant of RSUs includes 20,000 units that will vest on August 26, 2026, subject to continuous employment.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting (already accounted for in compensation plans), routine insider transaction.
• Employees: Reflects standard executive compensation practices.

Next Steps

• Vesting of 20,000 Restricted Stock Units on August 26, 2026, subject to continuous employment.

Key Dates

Recommendation

The filing details routine executive compensation through Restricted Stock Unit vesting and subsequent share disposition for tax purposes. These transactions are expected and do not provide new information that would significantly alter the company's fundamental outlook or warrant a change in investment recommendation.

Keywords

Leslie's, LESL, Form 4, insider trading, stock transactions, RSU, restricted stock units, executive compensation, Benjamin Lindquist