Form 4: Leslie's Inc. Chief Stores Officer Dave Caspers Reports Stock Transactions
SEC Form 4 Filing
Dave Caspers, Chief Stores Officer of Leslie's Inc., reports the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- Dave Caspers, the Chief Stores Officer of Leslie's, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On August 14, 2024, 17,313 Restricted Stock Units (RSUs) vested and were converted into common stock.
- Simultaneously, 4,407 shares were disposed of to cover tax obligations at a price of $3.15 per share.
- Following these transactions, Caspers directly owns 12,906 shares of common stock and 69,440 Restricted Stock Units.
- The remaining RSUs will vest in equal installments on August 14, 2025, August 14, 2026, and August 14, 2027, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Future Outlook
The remaining 51,940 RSUs will vest in equal installments on August 14, 2025, August 14, 2026, and August 14, 2027, subject to continued employment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and the subsequent sale of shares to cover tax liabilities, a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock vesting and disposal for tax obligations. |
| 08/14/2025 | Next vesting date for a portion of the remaining Restricted Stock Units. |
| 08/14/2026 | Next vesting date for a portion of the remaining Restricted Stock Units. |
| 08/14/2027 | Final vesting date for the remaining Restricted Stock Units. |
| 08/15/2024 | Date of Form 4 signature. |
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