Cramer Naomi 4

What Happened
Naomi Cramer, Chief Retail Operations and Talent Officer at Leslie's, received 128 shares on 2026-04-03 in settlement of performance share units (PSUs). The shares were issued at $0.00 (no exercise price). To cover tax withholding, 14 of those shares were surrendered at $1.98 each (total value reported ~$28), leaving a net of 114 shares delivered to Cramer.

Key Details

• Transaction date: 2026-04-03; Form 4 filed 2026-04-07 (filing shows these dates).
• Securities received: 128 shares (code M — exercise/conversion); acquisition price $0.00.
• Tax withholding: 14 shares surrendered (code F) at $1.98/share, total ~$28.
• Net shares received: 114 (128 acquired minus 14 withheld).
• Footnote: Shares were issued in settlement of performance share units under the company’s long-term compensation plan (PSUs, not derivative securities).
• Shares owned after transaction: not disclosed in the provided filing.

Context
This was a compensation settlement (PSUs vesting/settlement), not an open-market purchase or sale. Withholding a portion of shares to cover taxes is a common administrative step and does not necessarily indicate trading sentiment. For retail investors, awards like this show executive compensation realization but are less informative about the insider’s personal market view than open-market purchases or sales.