Arhaus (NASDAQ: ARHS) CMO exercises RSUs as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arhaus, Inc. Chief Marketing Officer Jennifer E. Porter exercised Restricted Stock Units that converted into 2,339 shares of Class A Common Stock. Of these, 681 shares were withheld by the company to cover income tax obligations linked to the vesting. As a result, her direct holdings increased on a net basis, with 478,377 shares of Class A Common Stock reported as directly owned after the transactions. These events reflect routine equity compensation vesting tied to her continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,339 shares exercised/converted
Mixed
3 txns
Insider
Porter Jennifer E
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,339 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,339 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 681 | $7.40 | $5K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 479,058 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock, subject to the Reporting Person's continuous service to the Issuer at the time of vesting. 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 RSUs. Subject to the Reporting Person's continuous service to the Issuer, the RSUs vest equally on the first, second, and third anniversaries of the transaction date (March 10, 2023).
FAQ
What insider transaction did Arhaus (ARHS) report for Jennifer E. Porter?
Arhaus reported that Chief Marketing Officer Jennifer E. Porter exercised Restricted Stock Units into 2,339 shares of Class A Common Stock. The transaction reflects routine vesting of equity compensation linked to her continued service with the company over a multi-year schedule.
What are the vesting terms of Jennifer E. Porter’s Arhaus (ARHS) RSUs?
Each Restricted Stock Unit represents a right to receive one share of Class A Common Stock, subject to continuous service. The RSUs vest in three equal installments on the first, second, and third anniversaries of March 10, 2023, if her service with Arhaus continues.
Does Jennifer E. Porter’s Arhaus (ARHS) Form 4 show any open-market buying or selling?
The Form 4 shows an exercise of Restricted Stock Units and a share withholding for taxes, not open-market buying or selling. The disposition coded as “F” is specifically described as payment of tax liability by delivering securities back to the issuer.