Kunchala Suraj 4

What Happened
Kunchala Suraj, Vice President & Controller of Latham Group, received equity awards totaling 11,373 shares (1,849 PSUs and 9,524 RSUs) in early March 2026. The awards were granted at $0.00 (award/grant). On March 7, 2026 Suraj had 978 shares disposed (withheld/sold) at $6.30 per share to cover a tax liability, generating $6,161. Net of the tax withholding, the awards increased Suraj’s position by 10,395 shares (11,373 awarded minus 978 withheld).

Key Details

• Transaction codes: A = Award/Grant; F = Payment of tax liability (withholding).
• Award dates and amounts: 2026-03-05 — 1,849 shares (PSUs) at $0.00; 2026-03-06 — 9,524 shares (RSUs) at $0.00.
• Tax withholding/sale: 2026-03-07 — 978 shares disposed at $6.30 each for $6,161.
• Vesting notes: The 1,849 PSUs relate to a March 7, 2025 grant and will vest March 7, 2028; the 9,524 RSUs were granted March 6, 2026 and vest 3,174 shares on March 6 of 2027 and 2028, and 3,176 shares on March 6, 2029.
• Shares owned after the transaction: not specified in the Form 4.
• Filing: Form 4 filed 2026-03-09 reporting transactions from 2026-03-05 to 2026-03-07; filing does not indicate a late report.

Context
These were equity awards (PSUs and time-based RSUs), not open-market purchases or option exercises. The 978-share disposal is a tax withholding/cashless settlement to satisfy withholding obligations—common when awards vest or are settled—and does not necessarily imply a discretionary sale. PSUs carry a performance/vesting condition and will not convert to owned shares until the stated vesting dates.