Leslie's (LESL) director John R. Hartmann awarded 4,500 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leslie's, Inc. director John R. Hartmann acquired 4,500 restricted stock units (RSUs) linked to Leslie's common stock as equity compensation. Each RSU represents the right to receive one share of common stock upon vesting. The 4,500 RSUs will vest on the earlier of March 24, 2027 or the day before the company’s 2027 annual shareholder meeting, as long as Hartmann continues serving on the board until that vesting date. Following this grant, his reported direct RSU-related position in this filing is 4,500 underlying shares, reflecting a routine board compensation award rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,500 shares exercised/converted
Mixed
1 txn
Insider
Hartmann John R.
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 Mr. Hartmann's continuous service as a member of the Board until the Vesting Date.
FAQ
What did Leslie's (LESL) director John R. Hartmann receive in this Form 4?
John R. Hartmann received 4,500 restricted stock units (RSUs) as equity compensation. Each RSU represents the right to receive one share of Leslie's common stock, subject to vesting conditions tied to his continued board service through the specified vesting date.
When do John R. Hartmann’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 Hartmann’s continuous service as a board member through that date, aligning the award with long‑term board tenure.
Does John R. Hartmann’s Leslie's (LESL) Form 4 show a stock sale or purchase?
The Form 4 reflects an acquisition of 4,500 restricted stock units, not an open‑market stock purchase or sale. The RSUs are a compensation grant that converts into common shares only upon satisfying vesting conditions, rather than a cash transaction in the market.
Is John R. Hartmann’s Leslie's (LESL) RSU grant a routine board compensation award?
Yes, the 4,500 RSU grant is structured as routine board equity compensation. It vests over time based on continued board service rather than trading decisions, aligning Hartmann’s incentives with Leslie's longer‑term performance and governance outcomes instead of short‑term market movements.