Director Jackson DeLu (SWIM) receives 17,677 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Latham Group, Inc. director Jackson DeLu reported an equity compensation grant of common stock. He received 17,677 restricted stock units of Latham Group common stock at $0.0000 per share, characterized as a grant or award acquisition.
The restricted stock unit grant vests on the first anniversary of May 1, 2026, tying DeLu’s benefit to a future service period. After this award, he directly holds 102,409 shares of Latham Group common stock, as reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jackson DeLu
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.0001 per share | 17,677 | $0.00 | -- |
Holdings After Transaction:
Common stock, par value $0.0001 per share — 102,409 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 17,677 units
Grant price per share: $0.0000 per share
Shares held after transaction: 102,409 shares
3 metrics
Restricted stock units granted
17,677 units
Grant of common stock RSUs reported for May 1, 2026
Grant price per share
$0.0000 per share
Reported transaction price for the RSU grant
Shares held after transaction
102,409 shares
Total direct holdings following the award
Key Terms
restricted stock unit, par value, grant, award, or other acquisition
3 terms
restricted stock unit financial
"Represents a restricted stock unit grant that vests on the first anniversary"
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.
par value financial
"Common stock, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What did Latham Group (SWIM) disclose in this Form 4 filing?
Latham Group disclosed that director Jackson DeLu received a grant of 17,677 restricted stock units of common stock as equity compensation. The award was reported as an acquisition with no cash price per share in this insider transaction filing.
What is the vesting schedule for Jackson DeLu’s SWIM restricted stock units?
The filing states that DeLu’s restricted stock unit grant vests on the first anniversary of May 1, 2026. This means the award becomes fully earned after that date, assuming vesting conditions are met, aligning director compensation with ongoing service to the company.
Is this Latham Group (SWIM) Form 4 transaction a buy or a grant?
The transaction is categorized as a grant, award, or other acquisition rather than an open-market buy. It reflects a compensation-related award of restricted stock units to director Jackson DeLu, not a discretionary share purchase on the stock market.