Form 4: Leslie's Inc. Executive Benjamin Lindquist Reports Acquisition of Restricted Stock Units

Benjamin Lindquist, SVP, General Counsel, and Corporate Secretary of Leslie's, Inc., reports the acquisition of 40,000 Restricted Stock Units (RSUs) on August 26, 2024.

Summary

• On August 26, 2024, Benjamin Lindquist, an officer of Leslie's, Inc., was granted 40,000 Restricted Stock Units (RSUs).
• These RSUs will vest in equal installments on August 26, 2025, and August 26, 2026, contingent upon Mr. Lindquist's continued employment with the company.
• Following this transaction, Mr. Lindquist directly owns 60,727 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing regarding executive compensation. It's generally neutral, but the grant of RSUs can be seen as a positive sign of the company's commitment to retaining key personnel.

Positives

• The grant of RSUs to a key executive like the General Counsel can be seen as an incentive to retain talent and align their interests with the company's long-term performance.

Future Outlook

The vesting of the RSUs is contingent upon Mr. Lindquist's continued employment with Leslie's, Inc., indicating an expectation of his continued service.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, used to align management's interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common across publicly traded companies.
• The size and vesting schedule of RSU grants vary depending on the company's size, industry, and the executive's role and performance.
• Companies like Pool Corporation (POOL) and Hayward Holdings (HAYW), which are competitors of Leslie's, Inc., also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to contribute to the company's long-term success.
• Employees may see the RSU grant as a sign of the company's commitment to its leadership team.

Key Dates