Arhaus (NASDAQ: ARHS) CMO exercises RSUs; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arhaus, Inc. Chief Marketing Officer Jennifer E. Porter exercised equity awards and had shares withheld for taxes. She converted 11,804 Restricted Stock Units and 610 Dividend Equivalent Rights into the same number of shares of Class A Common Stock at a stated price of $0.00 per share.
In connection with the net settlement of these awards, 5,475 shares of Class A Common Stock were withheld by Arhaus at $6.38 per share to cover income tax obligations. After these transactions, Porter directly holds 562,777 shares of Class A Common Stock. The RSUs vest in three equal installments on the first, second, and third anniversaries of April 3, 2025, with related Dividend Equivalent Rights vesting proportionately.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,414 shares exercised/converted
Mixed
5 txns
Insider
Porter Jennifer E
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,804 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 610 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,804 | $0.00 | -- |
| Exercise | Class A Common Stock | 610 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,475 | $6.38 | $35K |
Holdings After Transaction:
Restricted Stock Units — 23,607 shares (Direct);
Dividend Equivalent Rights — 19,052 shares (Direct);
Class A Common Stock — 567,642 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. Each Dividend Equivalent Right 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 and Dividend Equivalent Rights. 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 (April 3, 2025). Subject to the Reporting Person's continuous service to the Issuer, the Dividend Equivalent Rights vest proportionately with the RSUs to which they relate.
Key Figures
RSUs converted: 11,804 shares
Dividend Equivalent Rights converted: 610 shares
Shares withheld for taxes: 5,475 shares
+3 more
6 metrics
RSUs converted
11,804 shares
Restricted Stock Units converted to Class A Common Stock on April 2, 2026
Dividend Equivalent Rights converted
610 shares
Dividend Equivalent Rights converted to Class A Common Stock on April 2, 2026
Shares withheld for taxes
5,475 shares
Shares of Class A Common Stock withheld to satisfy income tax obligations
Withholding price
$6.38 per share
Value used for tax-withholding disposition of 5,475 shares
Post-transaction holdings
562,777 shares
Class A Common Stock directly owned after reported transactions
Total derivative shares exercised
12,414 shares
RSUs and Dividend Equivalent Rights converted into Class A Common Stock
Key Terms
Restricted Stock Unit ("RSU"), Dividend Equivalent Right, net settlement, income tax withholding and remittance obligations, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Dividend Equivalent Right financial
"Each Dividend Equivalent Right represents a contingent right to receive one share of Class A Common Stock"
net settlement financial
"in connection with the net settlement of the RSUs and Dividend Equivalent Rights"
income tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer at the time of vesting"
FAQ
What did Arhaus (ARHS) executive Jennifer Porter do in this Form 4 filing?
Jennifer Porter exercised equity awards and had shares withheld for taxes. She converted Restricted Stock Units and Dividend Equivalent Rights into Class A Common Stock and allowed a portion of the resulting shares to be withheld to satisfy income tax obligations.
What are Dividend Equivalent Rights in the Arhaus (ARHS) Form 4 for Jennifer Porter?
Dividend Equivalent Rights give the right to receive shares mirroring dividends on RSUs. In this filing, 610 Dividend Equivalent Rights were converted into 610 shares of Class A Common Stock, vesting proportionately with the related RSUs as long as service continues.
How do Jennifer Porter’s Arhaus (ARHS) RSUs vest over time?
Her RSUs vest in three equal annual installments. Subject to her continuous service with Arhaus, the RSUs vest equally on the first, second, and third anniversaries of April 3, 2025, with the related Dividend Equivalent Rights vesting proportionately alongside them.