Leslie's (LESL) director Susan O'Farrell awarded 4,500 RSUs in equity grant

Rhea-AI Filing Summary

OFarrell Susan C reported acquisition or exercise transactions in this Form 4 filing.

Leslie's, Inc. director Susan C. O'Farrell reported an equity compensation award tied to company stock. She received 4,500 Restricted Stock Units (RSUs), each representing the right to receive one share of Leslie's 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 Meeting of Shareholders, as long as she continues to serve on the board through that vesting date. This filing reflects a compensation-related grant rather than an open-market stock purchase or sale.

Insights

Equity compensation & governance analyst

Routine director RSU grant with time-based vesting conditions.

Director Susan C. O'Farrell received 4,500 RSUs, each convertible into one share of Leslie's, Inc. common stock upon vesting. This is structured as equity compensation rather than a cash salary component or open-market trade.

The RSUs vest on the earlier of March 24, 2027 or the day prior to the 2027 Annual Meeting, contingent on continued board service. Such time-based vesting is typical for non-employee directors, aligning compensation with ongoing oversight responsibilities.

No open-market buying or selling is reported, so there is limited informational value for short-term sentiment. The economic impact depends on Leslie's share price when the RSUs ultimately settle and whether future filings show additional grants or changes to director compensation.

Insider Trade Summary

4,500 shares exercised/converted

Mixed 1 txn

Insider OFarrell Susan C

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)

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. O'Farrell's continuous service as a member of the Board until the Vesting Date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

OFarrell Susan C

(Last) (First) (Middle)

2005 EAST INDIAN SCHOOL ROAD

(Street)

PHOENIX ARIZONA 85016

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Leslie's, Inc. [ LESL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/24/2026		M		4,500		(2)	(2)	Common Stock, par value $0.001 per share	4,500	$0	4,500	D

Explanation of Responses:

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.

2. 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. O'Farrell's continuous service as a member of the Board until the Vesting Date.

	/s/ Benjamin Lindquist, as Attorney-in-Fact for Susan O'Farrell	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Leslie's (LESL) director Susan C. O'Farrell report in this Form 4?

Susan C. O'Farrell reported receiving 4,500 Restricted Stock Units from Leslie's, Inc. Each RSU entitles her to one share of common stock upon vesting, reflecting equity-based director compensation rather than an open-market stock purchase or sale.

How many Restricted Stock Units did Susan C. O'Farrell receive from Leslie's (LESL)?

She received 4,500 Restricted Stock Units. Each RSU represents the contingent right to receive one share of Leslie's common stock, providing potential future ownership tied directly to the company's stock performance once the units vest and settle.

When do Susan C. O'Farrell'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 Meeting of Shareholders. Vesting is conditioned on her continuous service as a board member through that vesting date without interruption.

Is this Leslie's (LESL) Form 4 an insider stock purchase or sale?

No, this Form 4 reflects an RSU equity grant, not an open-market buy or sell. It records 4,500 Restricted Stock Units awarded to director Susan C. O'Farrell as compensation, which may convert into shares later when the units vest.

What does each RSU in Leslie's (LESL) director grant represent?

Each RSU represents a contingent right to receive one share of Leslie's common stock upon vesting. The units have no exercise price and convert into shares only if vesting conditions, including continued board service, are satisfied through the vesting date.