Latham Group (SWIM) awards director 17,677 restricted stock units
Rhea-AI Filing Summary
Laven Mark Phillip reported acquisition or exercise transactions in this Form 4 filing.
Latham Group, Inc. director Mark Phillip Laven reported a compensation-related equity award. He received a grant of 17,677 restricted stock units, recorded at $0.00 per share, which vests on the first anniversary of May 1, 2026.
Following this award, Laven directly owns 1,044,224 shares of common stock and indirectly owns 500,433 shares held by Laven Family Holdings, LLC. The filing shows an equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 17,677 shares
Net Buy
2 txns
Insider
Laven Mark Phillip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.0001 per share | 17,677 | $0.00 | $0.00 |
| holding | Common stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.0001 per share — 1,044,224 shares (Direct);
Common stock, par value $0.0001 per share — 500,433 shares (Indirect, Held by Laven Family Holdings, LLC)
Footnotes (1)
- F1. Represents a restricted stock unit grant that vests on the first anniversary of May 1, 2026.
Key Figures
RSU grant size: 17,677 units
Grant price per unit: $0.00 per share
Direct holdings after grant: 1,044,224 shares
+1 more
4 metrics
RSU grant size
17,677 units
Restricted stock unit grant vesting on first anniversary of May 1, 2026
Grant price per unit
$0.00 per share
Stated transaction price for RSU grant
Direct holdings after grant
1,044,224 shares
Common stock directly owned following the reported transaction
Indirect holdings
500,433 shares
Common stock held via Laven Family Holdings, LLC
Key Terms
restricted stock unit, grant/award acquisition, indirect ownership, Common stock, par value $0.0001 per share
4 terms
restricted stock unit financial
"Represents a restricted stock unit grant that vests on the first anniversary of May 1, 2026."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
indirect ownership financial
"ownership_type": "indirect""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Latham Group (SWIM) report for Mark Phillip Laven?
Latham Group reported that director Mark Phillip Laven received a grant of 17,677 restricted stock units. These units are a form of equity compensation and are scheduled to vest on the first anniversary of May 1, 2026, rather than an open-market stock purchase.
Is the Latham Group (SWIM) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not a purchase. Director Mark Phillip Laven received 17,677 restricted stock units at a stated price of $0.00 per share as compensation, with the units vesting on the first anniversary of May 1, 2026.
When do Mark Phillip Laven’s new restricted stock units in Latham Group (SWIM) vest?
The 17,677 restricted stock units granted to Mark Phillip Laven vest on the first anniversary of May 1, 2026. Vesting means the units convert into shares he fully owns at that future date, assuming any applicable service conditions are met.