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

Benjamin Lindquist, SVP, General Counsel and Corporate Secretary of Leslie's, Inc., reports the grant of 13,696 Restricted Stock Units (RSUs) on May 23, 2024.

Summary

• On May 23, 2024, Benjamin Lindquist, an officer of Leslie's, Inc., was granted 13,696 Restricted Stock Units (RSUs).
• These RSUs represent the contingent right to receive one share of Leslie's, Inc.'s Common Stock upon vesting.
• The RSUs will vest in equal installments on May 23, 2025, May 23, 2026, May 23, 2027, and May 23, 2028, contingent upon Mr. Lindquist's continuous employment with the Issuer.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive compensation, which is neutral in sentiment. It reflects standard corporate governance practices.

Positives

• The grant of RSUs aligns Mr. Lindquist's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.

Risks

• The vesting of the RSUs is contingent upon Mr. Lindquist's continued employment, creating a potential risk if he were to leave the company before all RSUs are vested.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning executive interests with shareholder value.

Stakeholder Impact

• The RSU grant could have a minor positive impact on shareholder sentiment by aligning executive interests with shareholder value.

Key Dates