Leslie's officer exercises RSUs, withholds shares for taxes
Leslie's, Inc. officer Benjamin Lindquist reported routine equity compensation activity.
Rhea-AI Filing Summary
Leslie's, Inc. officer Benjamin Lindquist reported routine equity compensation activity. On May 23, 2026, Restricted Stock Units (RSUs) converted into 171 shares of common stock at an exercise price of $0.00 per share. To cover tax obligations, 59 shares of common stock were disposed of at $3.45 per share, a non-market tax-withholding transaction rather than an open-market sale.
Following these transactions, Lindquist directly held 1,699 shares of Leslie's common stock and 8,434 RSUs. The footnotes explain that each RSU converts into one share upon vesting, and that a recent RSU grant includes 343 RSUs scheduled to vest in equal installments on May 23, 2027 and May 23, 2028, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
171 shares exercised/converted
Exercise
3 txns
Insider
Lindquist Benjamin
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 171 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 171 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 59 | $3.45 | $203.55 |
Holdings After Transaction:
Restricted Stock Units — 8,434 contracts (Direct);
Common Stock, par value $0.001 per share — 1,699 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.
- F2. Represents a grant of RSUs, of which 343 will vest in equal installments on May 23, 2027 and May 23, 2028, subject to Mr. Lindquist's continuous employment or services with the Issuer or an affiliate until the applicable vesting date.
Key Figures
RSUs converted: 171 shares
Tax-withheld shares: 59 shares
Tax-withholding price: $3.45 per share
+3 more
6 metrics
RSUs converted
171 shares
Common stock received from RSU conversion on May 23, 2026
Tax-withheld shares
59 shares
Shares disposed at $3.45 per share for tax withholding
Tax-withholding price
$3.45 per share
Price used for 59-share tax-withholding disposition
Shares after transactions
1,699 shares
Common stock directly held following Form 4 transactions
RSUs remaining
8,434 RSUs
Restricted Stock Units outstanding after RSU conversion
Future-vesting RSUs
343 RSUs
Scheduled to vest in equal installments in 2027 and 2028
Key Terms
Restricted Stock Unit ("RSU"), tax-withholding disposition, derivative security, vesting, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents the contingent right to receive..."
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"upon vesting of the RSU, one share of the Issuer's Common Stock"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continuous employment or services financial
"subject to Mr. Lindquist's continuous employment or services with the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Benjamin Lindquist report at Leslie's (LESL)?
Benjamin Lindquist reported RSUs converting into 171 shares of Leslie's common stock and a tax-withholding disposition of 59 shares at $3.45 per share. These actions reflect routine equity compensation events, not open-market buying or selling of stock.
What future vesting schedule is disclosed for Benjamin Lindquist’s RSUs at Leslie's (LESL)?
The footnotes state that a grant of RSUs includes 343 units scheduled to vest in equal installments on May 23, 2027 and May 23, 2028. Vesting is conditioned on Benjamin Lindquist’s continuous employment or service with Leslie's or an affiliate through each vesting date.
Does this Leslie's (LESL) Form 4 indicate any remaining RSU holdings for Benjamin Lindquist?
Yes. After the RSU conversion, Benjamin Lindquist holds 8,434 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Leslie's common stock upon vesting, as described in the filing’s footnotes and transaction details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
