HART MELANIE M 4
Research Summary
AI-generated summary
POOL CORP CFO Melanie Hart Forfeits 1,400 Shares
What Happened Melanie M. Hart, Senior Vice President, Chief Financial Officer and Treasurer of POOL CORP (POOL), had 1,400 performance-based award shares forfeited back to the issuer on February 19, 2026. The disposition to the issuer was reported at $0.00 per share (total value $0) because the applicable performance condition was not met for the award granted on February 22, 2023.
Key Details
- Transaction date: February 19, 2026; Report filed: February 23, 2026 (filing appears timely).
- Transaction type: Disposition to issuer due to forfeiture (code D); 1,400 shares at $0.00 (no cash proceeds).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: The Compensation Committee determined the performance condition for the February 22, 2023 award was not met, resulting in forfeiture pursuant to the award terms.
- No 10b5-1 plan, tax withholding, or late-filing flag noted in the provided data.
Context This was an administrative forfeiture of performance-based awards, not an open-market sale or purchase — it produces no proceeds and does not directly reflect a buy/sell decision by the insider. For retail investors, forfeitures typically indicate that pre-set performance metrics were unmet; they are not usually viewed as an active signal of the insider’s view of the company’s stock.