Leslie's (LESL) Naomi Cramer Receives 1,000 Shares (RSU Vest)

What Happened
Naomi Cramer, Chief Retail Operations and Talent Officer at Leslie's (LESL), had 1,000 restricted stock units (RSUs) vest on August 26, 2026 and those RSUs converted into 1,000 shares of common stock. To satisfy tax withholding, 255 of those shares were withheld (disposed) at a per-share withholding value of $0.61, reported as $155. The RSUs converted without an exercise price, so the gross issuance value to Cramer was the market value of 1,000 shares at vesting; net shares issued to her were 745 (1,000 issued − 255 withheld).

Key Details

• Transaction date: August 26, 2026 (filed August 27, 2026). Filing appears timely.
• Transaction types reported: M = exercise/conversion of derivative (RSU conversion to shares); F = payment of tax liability via share withholding.
• Shares issued on vesting: 1,000 shares (acquired via RSU conversion at $0.00 exercise price).
• Shares withheld for taxes: 255 shares at $0.61 per share, reported value $155.
• Net shares delivered to insider: 745 shares (1,000 − 255).
• Footnotes: F1 explains each RSU converts to one common share upon vesting; F2 notes the RSU grant fully vested on Aug 26, 2026.
• Shares owned after transaction: Not disclosed in this Form 4.

Context
This was an RSU vesting event (an award converting to stock), not an open-market buy or sale. The withholding of shares to satisfy tax obligations is routine and does not itself signal a buy or sell decision. For derivative terminology: "exercise/conversion" here refers to RSUs vesting and being converted into company stock.