OFarrell Susan C 4

What Happened

• Susan C. O'Farrell, a director of Leslie's, Inc. (LESL), was recorded as acquiring 4,500 restricted stock units (RSUs) on March 24, 2026. The RSUs were reported at $0.00 per unit (no immediate cash purchase). These RSUs represent a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-03-24; reported on Form 4 filed 2026-03-26 (appears timely).
• Transaction code: M (exercise/conversion of a derivative security) — here used for the grant/conversion-type RSU award.
• Shares/units acquired: 4,500 RSUs at $0.00 per unit (no immediate share delivery or cash change).
• Vesting: The 4,500 RSUs vest on the earlier of (a) March 24, 2027 or (b) the day prior to the Company's 2027 Annual Meeting of Shareholders, subject to Ms. O'Farrell's continued board service (see footnotes F1–F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable: This is a compensation-related equity award, not an open-market buy or sale.

Context

• RSU grants are commonly used as director compensation and do not represent immediate stock ownership until the units vest and convert to shares. Such awards are routine and should not be read as a direct buy/sell signal about the director's market view.