Strain John 4

What Happened John Strain, a member of Leslie's, Inc. (LESL) Board of Directors, was reported to have acquired 4,500 restricted stock units (RSUs) on March 24, 2026. The reported transaction is an exercise/conversion-type entry (code M) showing 4,500 shares acquired at $0.00 (derivative conversion); these RSUs represent the contingent right to receive one share per RSU upon vesting. No cash changed hands at grant ($0 reported).

Key Details

• Transaction date: March 24, 2026; Form 4 filed: March 26, 2026 (timely within typical 2-business-day window).
• Transaction type/code: M (exercise or conversion of derivative security) reflecting receipt/grant of RSUs.
• Amount: 4,500 RSUs; reported price: $0.00; reported immediate value: $0 (market value realized when/if RSUs vest and convert to shares).
• Vesting: Per footnote, the 4,500 RSUs vest on the earlier of (a) March 24, 2027 or (b) the day before the Company’s 2027 Annual Meeting, subject to Mr. Strain’s continuous board service.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 defines each RSU as convertible into one share upon vesting; F2 describes the specific vesting schedule and service condition.

Context This was an equity award (RSUs) granted/converted for a director, a common form of board compensation. RSUs do not become actual shares until they vest; they are not an open-market purchase or sale and do not by themselves indicate a buy/sell signal. The filing appears timely (filed two days after the transaction).