Arvan Peter D 4
Research Summary
AI-generated summary
POOL CORP CEO Peter D. Arvan Forfeits 2,796 Performance Shares
What Happened
Peter D. Arvan, President and CEO of POOL CORP (POOL), recorded a disposition to the issuer on February 19, 2026: 2,796 shares were forfeited back to the company. The filing shows a transaction price of $0.00 and no cash proceeds — this reflects cancellation/forfeiture of previously granted performance shares rather than a market sale.
Key Details
- Transaction date: February 19, 2026 (reported on Form 4 filed Feb 23, 2026, accession 0000945841-26-000023).
- Transaction type/code: Disposition to issuer (D) — 2,796 shares @ $0.00, total $0.
- Shares owned after the transaction: not stated in the provided filing.
- Footnote: The Compensation Committee determined the performance condition for awards granted on Feb 22, 2023 was not met, resulting in forfeiture (Footnote F1).
- No indication in this filing of a 10b5-1 plan, tax withholding, exercise, or open-market sale.
Context
This was a forfeiture of performance-based equity because the applicable performance targets were not met during the performance period. It is not an open-market sale or purchase and produced no proceeds to the insider. For retail investors, forfeitures reflect award performance outcomes and are administrative in nature rather than a direct trading signal by the executive.