Leslie's (LESL) CEO receives stock units, with some shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leslie's, Inc. Chief Executive Officer Jason McDonell reported equity compensation activity involving company common stock. He acquired 1,382 shares of common stock in settlement of performance share units granted under the company’s long-term compensation plan. On the same date, 381 shares were disposed of to satisfy tax obligations at a price of $1.98 per share. Following these routine compensation and tax-withholding transactions, he directly holds 4,579 shares of Leslie's common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McDonell Jason
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock, par value $0.001 per share | 1,382 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 381 | $1.98 | $754.38 |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 4,960 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired via PSU settlement: 1,382 shares
Shares withheld for taxes: 381 shares
Tax withholding price: $1.98 per share
+1 more
4 metrics
Shares acquired via PSU settlement
1,382 shares
Common stock received as settlement of performance share units
Shares withheld for taxes
381 shares
Tax-withholding disposition of common stock
Tax withholding price
$1.98 per share
Value used for 381-share tax-withholding transaction
Direct holdings after transactions
4,579 shares
Common stock directly held by CEO after Form 4 events
Key Terms
performance share units, long-term compensation plan, tax-withholding disposition, Common Stock, par value $0.001 per share
4 terms
long-term compensation plan financial
"received under the Company's long-term compensation plan"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Leslie's (LESL) CEO Jason McDonell report?
Jason McDonell reported routine equity compensation activity. He acquired 1,382 Leslie's common shares through settlement of performance share units, with 381 shares withheld to cover taxes, resulting in a net increase in directly held stock and total direct holdings of 4,579 shares.
Was the Leslie's (LESL) CEO’s Form 4 transaction an open-market stock purchase or sale?
The Form 4 does not show any open-market purchase or sale. It reports settlement of performance share units as equity compensation and a tax-withholding disposition of 381 shares, which is a non-market transaction used to satisfy tax liabilities on the awarded shares.