Sheller Patrick M 4

What Happened Patrick M. Sheller, General Counsel & Secretary of Latham Group, received two equity awards and sold a small block of shares to satisfy tax withholding. On 2026-03-05 he was credited with 9,162 performance stock units (PSUs) at $0.00, and on 2026-03-06 he was granted 47,024 restricted stock units (RSUs) at $0.00. On 2026-03-07 Sheller disposed of 3,436 shares at $6.30 per share for proceeds of $21,647 to cover taxes (reported as code F — tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-03-05: 9,162 PSUs (acquired) at $0.00 (code A)
  • 2026-03-06: 47,024 RSUs (acquired) at $0.00 (code A)
  • 2026-03-07: 3,436 shares disposed at $6.30 each, total $21,647 (code F — tax withholding)
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes:
  • F1 (PSUs): These 9,162 PSUs were earned over a one-year performance period as granted on March 7, 2025 and will vest on March 7, 2028.
  • F2 (RSUs): The 47,024 RSUs were granted March 6, 2026 and vest in installments — 15,674 shares on March 6, 2027; 15,674 on March 6, 2028; and 15,676 on March 6, 2029.
• Filing timeliness: Form 4 filed 2026-03-09 for transactions dated 2026-03-05–03-07; no late filing flag indicated in the provided data.

Context

• The $0.00 price for the March awards indicates equity compensation (PSUs/RSUs), not an open-market purchase. Such awards are part of executive compensation and vest over time; they do not necessarily signal a near-term bullish action.
• The 3,436-share disposal was a tax-withholding sale (routine), not an opportunistic open-market sale. These are common when awards vest or are settled and the company withholds shares to meet tax obligations.