Form 4: Leslie's Former Officer Reports RSU Vesting and Share Disposition for Tax
Insider Transaction Report
Moyo LaBode, former Chief Merchandising & Supply Chain Officer of Leslie's, Inc., reported the vesting of 40,000 Restricted Stock Units and the subsequent disposition of 10,181 shares for tax withholding.
Summary
- Moyo LaBode, the former Chief Merchandising & Supply Chain Officer of Leslie's, Inc. (LESL), reported transactions involving the company's common stock.
- On July 15, 2025, 40,000 shares of common stock were acquired through the exercise or conversion of Restricted Stock Units (RSUs).
- These RSUs, originally granted on August 26, 2024, underwent accelerated vesting due to a triggering event in accordance with the grant agreement.
- Following this acquisition, the beneficial ownership of common stock increased to 128,175 shares.
- On July 16, 2025, 10,181 shares of common stock were disposed of at a price of $0.4282 per share.
- This disposition was for the payment of tax liability related to the RSU vesting.
- After this transaction, the beneficial ownership of common stock stands at 117,994 shares.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions (RSU vesting and tax-related share disposition) which are neutral in sentiment and do not indicate positive or negative company performance or outlook.
Future Outlook
NA
Industry Context
This Form 4 filing details a routine insider transaction involving the vesting of Restricted Stock Units and subsequent share disposition for tax purposes by a former officer of Leslie's, Inc. Such transactions are common across industries for executives receiving equity compensation and do not typically reflect broader industry trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Merchandising & Supply Chain Officer | Moyo LaBode | NA | NA | Moyo LaBode is identified as 'Former Chief Merchandising & Supply Chain Officer' in the remarks, indicating a prior departure from this role. |
Stakeholder Impact
- The reported transactions are routine for executive compensation and have no direct material impact on shareholders, employees, customers, suppliers, or creditors beyond the standard equity compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2024-08-26 | Original grant date of Restricted Stock Units (RSUs) to Moyo LaBode. |
| 2025-07-15 | Date of accelerated vesting and acquisition of 40,000 common shares from Restricted Stock Units. |
| 2025-07-16 | Date of disposition of 10,181 common shares for tax liability. |
| 2025-07-17 | Date the Form 4 was signed by the attorney-in-fact for Moyo LaBode. |
Keywords
Leslie's Inc., LESL, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Share Disposition, Tax Withholding, Moyo LaBode, Officer Transaction
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