Naylor Maile 4

What Happened

• Naylor Maile, a director of Leslie's, Inc. (LESL), reported the exercise/conversion of a derivative on 2026-03-12 that resulted in the acquisition of 7,281 shares and a simultaneous disposition of 7,281 shares. Both the acquisition and disposition were reported at $0.00 per share.
• The filing footnote identifies the instrument as Restricted Stock Units (RSUs): each RSU represents the contingent right to receive one share upon vesting. This appears to reflect RSU vesting/conversion rather than an open-market purchase or independent sale.

Key Details

• Transaction date: 2026-03-12
• Activity: Exercise/conversion of derivative (code M) — 7,281 shares acquired and 7,281 shares disposed
• Reported price: $0.00 per share for both acquisition and disposition
• Shares owned after transaction: Not specified in the filing
• Footnote: F1 = RSU converts to one share upon vesting
• Filing timeliness: No late-filing indicator shown in the provided data

Context

• For retail investors: conversions of RSUs are commonly routine compensation events. The simultaneous disposal could reflect immediate sale, tax withholding, or internal transfer, but the Form 4 does not specify the reason.
• Transaction code M denotes exercise or conversion of a derivative security. Because this was not a cash purchase by the insider, it should not be interpreted as a straightforward bullish cash investment.