Arhaus (ARHS) retail chief settles PSUs, shares withheld for tax
Rhea-AI Filing Summary
Arhaus Chief Retail Officer Kathy E. Veltri exercised performance share units into common stock as part of her compensation. On March 16, 2026, 9,255 Performance Share Units granted on March 10, 2023 were settled into 9,255 shares of Class A Common Stock after the Compensation Committee certified that performance goals for the January 1, 2023 to December 31, 2025 period were met. Each unit represented a contingent right to one share.
To cover income tax withholding and remittance obligations from this settlement, 2,694 shares of Class A Common Stock were withheld at $7.33 per share rather than sold in the open market. After these transactions, Veltri directly holds 490,247 shares of Arhaus Class A Common Stock, reflecting a routine equity compensation event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Units | 9,255 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 9,255 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,694 | $7.33 | $20K |
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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