Leslie's (LESL) board member awarded 4,500 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nagler Lorna reported acquisition or exercise transactions in this Form 4 filing.
Leslie's, Inc. director Lorna Nagler reported an equity compensation award rather than an open‑market trade. She received 4,500 restricted stock units, each representing the right to one share of common stock when it vests. The RSUs will vest on the earlier of March 24, 2027 or the day before the company’s 2027 annual shareholder meeting, as long as she continues serving on the board until that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,500 shares exercised/converted
Mixed
1 txn
Insider
Nagler Lorna
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,500 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock. Represents a grant of 4,500 RSUs which will vest on the earlier of (a) March 24, 2027 or (b) the day prior to the Company's Annual Meeting of Shareholders held in 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Ms. Nagler's continuous service as a member of the Board until the Vesting Date.
FAQ
What did Leslie's (LESL) director Lorna Nagler report in this Form 4?
Lorna Nagler reported an award of 4,500 restricted stock units as equity compensation. Each unit represents the right to receive one share of Leslie’s common stock when it vests, rather than an immediate cash or stock purchase transaction in the market.
How many restricted stock units did Lorna Nagler receive from Leslie's (LESL)?
She received 4,500 restricted stock units. These RSUs give her a contingent right to the same number of Leslie’s common shares upon vesting, aligning her compensation with shareholder interests through future stock ownership instead of an upfront cash payment.
When do Lorna Nagler’s 4,500 Leslie's (LESL) RSUs vest?
The 4,500 RSUs vest on the earlier of March 24, 2027 or the day before Leslie’s 2027 annual shareholder meeting. Vesting requires her to remain a member of the board continuously through that vesting date, tying the award to continued service.
What does each restricted stock unit in Leslie's (LESL) grant represent?
Each restricted stock unit represents a contingent right to receive one share of Leslie’s common stock when it vests. No cash changes hands at grant, and the actual shares are only delivered if the vesting conditions based on continued board service are met.
Is Lorna Nagler’s Leslie's (LESL) Form 4 transaction a market buy or sell?
The Form 4 reflects an equity award, not a market buy or sell. It records the grant of 4,500 restricted stock units that convert into common shares upon vesting, so it does not show an open‑market purchase or sale of Leslie’s stock.