Latham Group (SWIM) COO receives stock awards, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Latham Group, Inc. chief operating officer Sanjeev Bahl reported multiple equity transactions in company common stock. On March 5, 2026, he acquired 9,234 shares as performance stock units earned from an award granted on March 7, 2025, which will vest on March 7, 2028.
On March 6, 2026, he received a grant of 47,620 restricted stock units, scheduled to vest in three annual installments from March 6, 2027 through March 6, 2029. On March 7, 2026, 3,463 shares were disposed of at $6.30 per share to cover taxes, leaving him with 438,309 directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bahl Sanjeev
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.0001 per share | 3,463 | $6.30 | $22K |
| Grant/Award | Common stock, par value $0.0001 per share | 47,620 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.0001 per share | 9,234 | $0.00 | -- |
Holdings After Transaction:
Common stock, par value $0.0001 per share — 438,309 shares (Direct)
Footnotes (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. Represents restricted stock units granted on March 6, 2026. 15,873 shares will vest on each of March 6, 2027 and 2028. 15,874 shares will vest on March 6, 2029.
FAQ
What insider transactions did Latham Group (SWIM) COO Sanjeev Bahl report?
Sanjeev Bahl reported earning 9,234 performance stock units, receiving 47,620 restricted stock units, and a 3,463-share tax-withholding disposition in Latham Group common stock. These transactions reflect equity compensation awards and related tax settlement, rather than open-market buying or selling activity.
What are the vesting terms of the 47,620 restricted stock units reported by Latham Group (SWIM) COO?
The 47,620 restricted stock units granted on March 6, 2026 vest in three tranches: 15,873 shares on March 6, 2027, 15,873 shares on March 6, 2028, and 15,874 shares on March 6, 2029, subject to the award’s standard vesting conditions.
What is the nature of the 9,234 Latham Group (SWIM) performance stock units reported?
The 9,234 shares represent performance stock units earned over a one-year performance period from an award granted on March 7, 2025. These PSUs will vest on March 7, 2028, under Latham Group’s 2021 Omnibus Equity Incentive Plan, assuming the vesting conditions are satisfied.