Arhaus (NASDAQ: ARHS) CMO exercises RSUs; shares withheld for taxes
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,804 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 610 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,804 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 610 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 5,475 | $6.38 | $35K |
Footnotes (5)
- F1. 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.
- F2. 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.
- 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 RSUs and Dividend Equivalent Rights.
- F4. 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).
- F5. 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
Key Terms
Restricted Stock Unit ("RSU") financial
Dividend Equivalent Right financial
net settlement financial
income tax withholding and remittance obligations financial
continuous service financial
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