Leslie's, Inc. (LESL) SVP Lindquist reports RSU vesting and share adjustment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leslie's, Inc. officer Benjamin Lindquist, SVP, General Counsel and Corporate Secretary, reported a small equity award vesting and related share adjustment. On January 27, 2026, 19 Restricted Stock Units converted into 19 shares of common stock at an exercise price of $0.
The filing shows 7 of those common shares were disposed of at $1.72 in a transaction coded “F,” indicating shares withheld to cover taxes, leaving 1,533 common shares held directly. Lindquist also holds 8,605 RSUs after the transaction.
A footnote states total holdings were adjusted due to an inadvertent underreporting of 191 common shares in a prior Form 4 filed on December 9, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
19 shares exercised/converted
Mixed
3 txns
Insider
Lindquist Benjamin
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 19 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 7 | $1.72 | $12.04 |
Holdings After Transaction:
Restricted Stock Units — 8,605 shares (Direct);
Common Stock, par value $0.001 per share — 1,540 shares (Direct)
Footnotes (1)
- Total holdings have been adjusted to reflect an inadvertent underreporting of 191 shares of Common Stock in the Reporting Person's piror Form 4 filed on December 9, 2025. 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 RSUs which fully vested on January 27, 2026.
FAQ
What insider transaction did Leslie's (LESL) report for Benjamin Lindquist?
Leslie's reported that officer Benjamin Lindquist had 19 Restricted Stock Units convert into 19 common shares at a $0 exercise price. Seven shares were then withheld at $1.72 for taxes, leaving him with 1,533 common shares and 8,605 RSUs.
What do the transaction codes M and F mean in the Leslie's (LESL) Form 4?
In this Form 4, code M reflects the conversion of 19 Restricted Stock Units into 19 shares of common stock at a $0 exercise price. Code F indicates the disposition of 7 shares at $1.72, typically representing shares withheld by the issuer to satisfy tax obligations.
What correction to prior ownership does the Leslie's (LESL) Form 4 disclose?
A footnote explains that total holdings were adjusted for an inadvertent underreporting of 191 common shares in Benjamin Lindquist’s prior Form 4 filed December 9, 2025. This means his current reported ownership incorporates those additional shares in the updated total.
What role does Benjamin Lindquist hold at Leslie's (LESL) in this Form 4?
The Form 4 identifies Benjamin Lindquist as an officer of Leslie’s, serving as Senior Vice President, General Counsel and Corporate Secretary. He is not listed as a director or 10% owner, and the reported holdings are shown as directly owned, not through another entity.
How many Restricted Stock Units does Benjamin Lindquist hold after the Leslie's (LESL) transaction?
Following the January 27, 2026 transaction, Benjamin Lindquist beneficially owns 8,605 Restricted Stock Units. Each RSU represents the contingent right to receive one share of Leslie’s common stock upon vesting, according to the explanatory footnote included in the filing.