Form 4: Leslie's Inc. CFO Scott Bowman Receives Stock Grant

Scott Bowman, CFO of Leslie's Inc., was granted 40,000 restricted stock units (RSUs) on August 26, 2024, which will vest in equal installments over the next two years.

Summary

• Scott Bowman, the Chief Financial Officer of Leslie's Inc., received a grant of 40,000 Restricted Stock Units (RSUs) on August 26, 2024.
• These RSUs will vest in equal installments on August 26, 2025, and August 26, 2026, contingent upon Mr. Bowman's continued employment with Leslie's Inc.
• Following this transaction, Mr. Bowman directly owns 148,703 shares of Leslie's Inc. common stock.
• Benjamin Lindquist, acting as Attorney-in-Fact for Scott Bowman, signed the report on August 28, 2024.
• Bowman previously granted power of attorney to Benjamin Lindquist on May 9, 2024, to execute filings related to securities transactions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and indicates confidence in the CFO's continued contributions. There are no explicitly negative aspects mentioned in the document.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued employment and commitment from the CFO.

Risks

• The value of the RSUs is dependent on the future performance of Leslie's Inc.'s stock price.
• If Mr. Bowman leaves the company before the vesting dates, he will forfeit the unvested RSUs.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the RSU grant suggests an expectation of continued contributions from the CFO.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, vary significantly across industries and companies based on factors such as company size, performance, and executive responsibilities.
• Comparing the size and vesting schedule of this RSU grant to those of CFOs at similarly sized companies in the retail or consumer discretionary sectors could provide a benchmark for assessing its competitiveness.
• Companies like Pool Corporation (POOL) or other specialty retailers could be considered for comparison, although direct comparisons should account for differences in market capitalization and financial performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns management's interests with the company's long-term success.
• Employees may see the grant as a sign of the company's commitment to its executives.

Key Dates