Cramer Naomi 4

What Happened

• Naomi Cramer, Chief Retail Operations and Talent Officer at Leslie's (LESL), had RSUs vest on 2026-03-14 that converted into 6,428 shares of common stock (5,000 + 1,428). To cover tax withholding, 2,035 shares were withheld (1,583 + 452) at $1.18 per share, totaling $2,401. After withholding, she received a net 4,393 shares.
• This was a vesting/derivative conversion (code M) with tax-withholding dispositions (code F), not an open-market purchase or sale by choice.

Key Details

• Transaction date: 2026-03-14. Filing date: 2026-03-17.
• Conversion (M): 5,000 and 1,428 RSUs converted to shares at $0.00 (total 6,428 shares).
• Tax withholding (F): 1,583 shares @ $1.18 = $1,868 and 452 shares @ $1.18 = $533 (total $2,401) were withheld/disposed to satisfy tax obligations.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 clarifies each RSU equals one share upon vesting. F2 and F3 show these RSUs came from two grants (10,000 and 2,854 total grants) with remaining vesting dates in 2027 and 2028, subject to continued service.

Context

• This was a routine RSU vesting with shares withheld to cover taxes (a common cashless-withholding practice), not an indicated market-direction trade. Such vesting events are compensation-related, not necessarily a signal of insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting), F = payment of exercise price or tax liability (share withholding).