Spofford Claire 4
4 · Leslie's, Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Leslie's (LESL) Director Claire Spofford Receives 4,500 RSUs
What Happened
Claire Spofford, a director of Leslie's, Inc. (LESL), acquired 4,500 shares via the exercise/conversion of a derivative security on March 24, 2026 at an effective price of $0.00. The filing shows these are Restricted Stock Units (RSUs) — each RSU represents the contingent right to receive one share of common stock upon vesting — so no cash changed hands at grant.
Key Details
- Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (appears timely under the 2-business-day rule).
- Quantity: 4,500 RSUs (reported with transaction code M — exercise/conversion of a derivative). Price: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 clarifies an RSU converts to one share upon vesting. F2 states the 4,500 RSUs vest on the earlier of (a) March 24, 2027 or (b) the day before the Company's 2027 annual meeting, subject to continuous board service.
- No indication of an immediate sale or cashless exercise; this is a grant/award subject to future vesting.
Context
RSU grants are typically compensation for service and do not represent an open-market purchase by the insider. They become economically meaningful only if and when they vest and convert into actual shares (or are settled in cash, if applicable). This transaction should be viewed as director compensation rather than an explicit buy or sell signal.
Insider Transaction Report
- Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-24+4,500→ 4,500 totalExercise: $0.00→ Common Stock, par value $0.001 per share (4,500 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Common Stock.
- [F2]Represents a grant of 4,500 RSUs which will vest on the earlier of (a) March 24, 2027 or (b) the day prior to the Company's Annual Meeting of Shareholders held in 2027 (the earlier of (a) and (b) referred to as the "Vesting Date"), subject to Ms. Spofford's continuous service as a member of the Board until the Vesting Date.