Gloe Oliver C. 4

What Happened
Oliver C. Gloe, Chief Financial Officer of Latham Group (SWIM), was awarded a total of 64,600 shares in the form of performance and restricted stock units and had 5,522 shares withheld to cover tax liability. Specifically, the filing shows acquisitions of 10,433 shares (coded A) on 2026-03-05 and 54,167 shares (coded A) on 2026-03-06, both recorded at $0.00 per share as awards. On 2026-03-07 a disposition of 5,522 shares (code F) was reported at $6.30 per share, totaling $34,789, representing tax withholding/payment of tax liability.

Key Details

• Transaction dates and amounts:
  • 2026-03-05: 10,433 shares awarded (A) at $0.00.
  • 2026-03-06: 54,167 shares awarded (A) at $0.00.
  • 2026-03-07: 5,522 shares withheld/paid (F) at $6.30, proceeds/value $34,789.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes:
  • F1: The 10,433 are performance stock units (PSUs) earned over a one-year performance period and granted under the Issuer's 2021 Omnibus Equity Incentive Plan; these PSUs will vest on March 7, 2028.
  • F2: The 54,167 are restricted stock units (RSUs) granted March 6, 2026; vesting schedule: 18,055 shares on March 6, 2027; 18,055 on March 6, 2028; 18,057 on March 6, 2029.
• Filing date and timeliness: Form 4 filed 2026-03-09 for transactions 2026-03-05 to 2026-03-07; appears to have been filed within the standard two-business-day window.

Context
The awards (A) are not cash purchases and represent compensation/equity awards rather than an open-market buy. The disposition (F) is a tax-withholding action — common when equity awards vest or are delivered — and should not be interpreted as a market-sale signal about the insider’s view of the stock. PSUs and RSUs typically vest over time (PSUs subject to performance and RSUs on set dates), so these grants are long-dated compensation rather than immediate liquidity events.