Form 4: Leslie's Inc. Officer Naomi Cramer Reports Grant of Restricted Stock Units

Naomi Cramer, Chief Retail Operations and Talent Officer of Leslie's, Inc., reports the grant of restricted stock units.

Summary

• Naomi Cramer, Chief Retail Operations and Talent Officer of Leslie's, Inc., filed a Form 4 on March 18, 2025.
• The filing reports the grant of two sets of Restricted Stock Units (RSUs) on March 14, 2025.
• The first grant consists of 85,658 RSUs, vesting in equal installments on March 14, 2026, March 14, 2027, and March 14, 2028.
• The second grant consists of 300,000 RSUs, also vesting in equal installments on March 14, 2026, March 14, 2027, and March 14, 2028.
• Vesting is contingent upon Ms. Cramer's continuous employment or service with Leslie's, Inc. or an affiliate until the applicable vesting date.
• Following the reported transactions, Ms. Cramer directly owns 541,073 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices, incentivizing the officer and aligning interests with shareholders. There are no immediate negative implications.

Positives

• The grant of RSUs to a key officer like Naomi Cramer can be seen as an incentive to retain talent and align her interests with the long-term success of the company.
• The three-year vesting schedule encourages long-term commitment from the officer.

Future Outlook

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

Industry Context

Grants of restricted stock units are a common practice in corporate compensation to align the interests of executives with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Equity compensation practices vary across the retail industry, but RSUs are a standard tool for incentivizing executives.
• Comparable companies like Pool Corporation and Walmart also utilize equity-based compensation as part of their executive pay packages.
• The vesting schedule of three years is fairly typical for RSU grants.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, indicating the company's commitment to retaining key talent.
• Employees may see this as a positive signal regarding the company's investment in its leadership.

Key Dates