Latham Group counsel reports stock grants and tax disposition

Latham Group, Inc. General Counsel and Secretary Patrick M. Sheller reported equity compensation changes and a related tax-withholding share disposition.

Rhea-AI Filing Summary

Latham Group, Inc. General Counsel and Secretary Patrick M. Sheller reported equity compensation changes and a related tax-withholding share disposition. He acquired 9,162 shares of common stock on March 5, 2026 and 47,024 shares on March 6, 2026 through stock awards at a stated price of $0.0000 per share. A separate transaction on March 7, 2026 disposed of 3,436 shares of common stock at $6.30 per share to satisfy tax obligations by delivering shares. Following these transactions, he directly held 444,181 shares of common stock. Footnotes state that 2025 performance stock units vest on March 7, 2028, and restricted stock units granted on March 6, 2026 vest in annual tranches through March 6, 2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Sheller Patrick M

Role GENERAL COUNSEL & SECRETARY

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common stock, par value $0.0001 per share	3,436	$6.30	$22K
Grant/Award	Common stock, par value $0.0001 per share	47,024	$0.00	$0.00
Grant/Award	Common stock, par value $0.0001 per share	9,162	$0.00	$0.00

Holdings After Transaction: Common stock, par value $0.0001 per share — 444,181 shares (Direct)

Footnotes (2)

1. F1. Indicates performance stock units ("PSUs") earned over a one year performance period as granted on March 7, 2025 under the Issuer's 2021 Omnibus Equity Incentive Plan. The PSUs will vest on March 7, 2028.
2. F2. Represents restricted stock units granted on March 6, 2026. 15,674 shares will vest on each of March 6, 2027 and 2028. 15,676 shares will vest on March 6, 2029.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SWIM executive Patrick Sheller report?

Patrick Sheller reported equity award acquisitions and a related tax-withholding share disposition. He received two stock grants in early March 2026 and used 3,436 shares of common stock, valued at $6.30 per share, to cover tax obligations by delivering shares.

How many Latham Group (SWIM) shares did Patrick Sheller acquire and dispose?

He acquired 9,162 shares on March 5, 2026 and 47,024 shares on March 6, 2026 through stock awards. On March 7, 2026 he disposed of 3,436 shares of common stock to satisfy tax liabilities by delivering shares, a non-open-market transaction.

What is Patrick Sheller’s share ownership in Latham Group after these Form 4 transactions?

After the reported transactions, Patrick Sheller directly held 444,181 shares of Latham Group common stock. This figure reflects the net result of the March 5 and March 6 stock award acquisitions and the March 7 tax-withholding share disposition reported in the Form 4.

What do the performance stock unit (PSU) awards for SWIM’s Patrick Sheller involve?

The filing notes performance stock units earned over a one-year performance period from a grant on March 7, 2025. These PSUs were granted under the 2021 Omnibus Equity Incentive Plan and are scheduled to vest on March 7, 2028, subject to plan terms.

How are Patrick Sheller’s restricted stock units in Latham Group scheduled to vest?

Restricted stock units granted on March 6, 2026 vest in three installments. 15,674 shares vest on each of March 6, 2027 and March 6, 2028. The remaining 15,676 shares vest on March 6, 2029, creating a multi-year vesting schedule.

Was the March 7, 2026 SWIM insider share disposition an open-market sale?

No. The March 7, 2026 disposition of 3,436 shares is coded as a tax-withholding transaction. It represents payment of a tax liability by delivering shares, rather than an open-market sale to third-party investors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 03:27 PM Learn about SEC filing dates

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
Estimated average burden
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^*

Sheller Patrick M

(Last) (First) (Middle)

C/O LATHAM GROUP, INC.

787 WATERVLIET SHAKER ROAD

(Street)

LATHAM NY 12110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Latham Group, Inc. [ SWIM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL COUNSEL & SECRETARY

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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

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

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
Common stock, par value $0.0001 per share	03/05/2026		A		9,162(1)	A	$0	400,593	D
Common stock, par value $0.0001 per share	03/06/2026		A		47,024(2)	A	$0	447,617	D
Common stock, par value $0.0001 per share	03/07/2026		F		3,436	D	$6.3	444,181	D

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

Explanation of Responses:

1. Indicates performance stock units ("PSUs") earned over a one year performance period as granted on March 7, 2025 under the Issuer's 2021 Omnibus Equity Incentive Plan. The PSUs will vest on March 7, 2028.

2. Represents restricted stock units granted on March 6, 2026. 15,674 shares will vest on each of March 6, 2027 and 2028. 15,676 shares will vest on March 6, 2029.

Remarks:

	/s/ Patrick M. Sheller	03/09/2026
	** 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.