Bahl Sanjeev 4

What Happened Sanjeev Bahl, Chief Operating Officer of Latham Group, received awards totaling 56,854 stock units in early March 2026: 9,234 performance stock units (PSUs) and 47,620 restricted stock units (RSUs). To cover tax withholding, 3,463 shares were surrendered/disposed on March 7, 2026 at $6.30 per share, yielding $21,817. The awards were recorded with $0.00 purchase price (they are grants, not open-market purchases).

Key Details

• Transactions:
  • 2026-03-05: Award (A) of 9,234 shares @ $0.00 (PSUs)
  • 2026-03-06: Award (A) of 47,620 shares @ $0.00 (RSUs)
  • 2026-03-07: Tax withholding/payment (F) of 3,463 shares disposed @ $6.30 = $21,817
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: The 9,234 PSUs were earned over a one-year performance period (granted Mar 7, 2025) and will vest on Mar 7, 2028.
  • F2: The 47,620 RSUs (granted Mar 6, 2026) vest in three installments: 15,873 shares on Mar 6, 2027; 15,873 on Mar 6, 2028; and 15,874 on Mar 6, 2029.
• Filing: Form 4 filed Mar 9, 2026; filing date appears timely relative to the reported transactions.

Context These transactions are equity awards (non-cash grants) and a routine tax-withholding disposition — not an open-market sale for personal liquidity. PSUs/RSUs vest over future dates, so the awards do not represent immediately tradable shares until vesting conditions are met.