Cramer Naomi 4

What Happened
Naomi Cramer, Chief Retail Operations and Talent Officer at Leslie's (LESL), had 432 restricted stock units (RSUs convert to common shares on vesting) convert to 432 shares on May 18, 2026. To satisfy tax withholding, 148 of those shares were withheld/disposed at $3.03/share (≈ $448). Separately, she was granted 580 RSUs on the same date; those 580 RSUs vest on May 18, 2027 subject to continued service. The vested shares showed $0 exercise price (RSUs convert to shares rather than being purchased).

Key Details

• Transaction date(s): May 18, 2026; Form 4 filed May 19, 2026 (timely).
• Codes: M = exercise/conversion of derivative (RSU vesting); F = payment of tax liability (shares withheld).
• Vested/conversion: 432 shares acquired at $0.00; 148 shares withheld/disposed at $3.03/share (~$448).
• Grant: 580 RSUs granted (will vest May 18, 2027 subject to continued service).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains an RSU equals a contingent right to one common share on vesting; F2 notes the 580‑RSU grant vests 5/18/2027 subject to service.

Context
This filing reflects routine equity compensation activity: RSUs vesting (conversion to shares) and a new RSU grant, not an open-market buy or sale for investment. The withheld 148 shares are a standard cashless tax withholding to cover payroll/tax obligations on the vested RSUs. Such compensation-related transactions are common and generally reflect pay and retention, not necessarily insider market sentiment.