Lindquist Benjamin 4

What Happened

• Benjamin Lindquist, SVP, General Counsel and Corporate Secretary of Leslie's (LESL), reported that 19 restricted stock units (RSUs) fully vested on January 27, 2026 and were converted into 19 shares (reported as exercise/conversion of a derivative). To satisfy tax withholding, 7 of those shares were withheld/disposed at $1.72 per share for approximately $12. Net to Lindquist from this vesting: +12 shares.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (within the typical 2-business-day reporting window).
• Conversion/exercise (code M): 19 RSUs -> 19 shares at $0.00 (acquired).
• Tax withholding (code F): 7 shares withheld at $1.72 each, total ~$12 (disposed).
• Another derivative line shows the RSU conversion/extinguishment (reported as a derivative disposition at $0.00) consistent with RSU vesting.
• Footnotes: F2 confirms each RSU converts to one common share; F3 notes the RSUs fully vested on Jan 27, 2026. F1 notes a correction to prior reporting — an inadvertent underreporting of 191 shares in a prior Form 4 (Dec 9, 2025) was adjusted.
• Shares owned after the transaction are not specified in the excerpt provided; net change from this event = +12 common shares.

Context

• This was not an open-market purchase or sale but the vesting/conversion of RSUs (an award). Withholding shares for taxes is a routine administrative step and does not, by itself, signal trading intent. The filing appears timely.