Arhaus CAO settles PSUs, receives 376 shares
Arhaus, Inc. Chief Accounting Officer Christian Sedor settled previously granted performance share units into Class A common stock.
Rhea-AI Filing Summary
Arhaus, Inc. Chief Accounting Officer Christian Sedor settled previously granted performance share units into Class A common stock. On March 16, he exercised 376 performance share units granted on March 10, 2023, which were earned over a three-year performance period from January 1, 2023 to December 31, 2025 as certified by the Compensation Committee. Of the resulting shares, 110 were withheld by Arhaus to cover income tax obligations, leaving Sedor with 5,955 shares of Class A common stock held directly after these transactions.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 376 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 376 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 110 | $7.33 | $806.30 |
Footnotes (3)
- F1. Reflects the settlement of Performance Share Units ("PSUs") granted to the Reporting Person on March 10, 2023, such PSUs were earned based on the achievement of applicable performance criteria over a three-year performance period beginning January 1, 2023 and ending on December 31, 2025, as certified by the Issuer's Compensation Committee. The unearned PSUs expired in accordance with their terms.
- F2. Each PSU represents a contingent right to receive one share of Class A Common Stock.
- F3. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of the PSUs.
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