Nagler Lorna 4

What Happened Lorna Nagler, a director of Leslie's, Inc. (LESL), was reported as acquiring 4,500 shares via conversion/award of a derivative security on 2026-03-24. The transaction shows 4,500 shares acquired at $0.00 (derivative). Footnotes state these are Restricted Stock Units (RSUs) — each RSU converts to one share upon vesting — and the RSUs vest on the earlier of March 24, 2027 or the day before the 2027 annual meeting, subject to her continued board service.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (timely filing).
• Transaction type/code: Exercise/conversion of derivative (reported as "M"); 4,500 RSUs acquired at $0.00 per share.
• Vesting: RSUs vest on earlier of (a) March 24, 2027 or (b) the day prior to the 2027 annual meeting, contingent on continued board service (per footnotes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 = each RSU converts to one common share on vesting. F2 = grant of 4,500 RSUs with the vesting schedule above.
• Not a sale or cash transaction — this is a compensation/award-style grant, not an open-market purchase.

Context This filing reflects a common director compensation event (RSU grant) rather than an outright purchase or sale. RSU grants are future-contingent awards that generally align director interests with shareholders but do not represent immediately tradable stock until vesting and conversion. No immediate sale or cashless exercise was reported.