Arhaus (NASDAQ: ARHS) CMO exercises 100,000 RSUs; 29,100 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arhaus, Inc. Chief Marketing Officer Jennifer E Porter exercised restricted stock units to acquire 100,000 shares of Class A Common Stock. The company withheld 29,100 shares at $7.06 per share to cover income tax obligations tied to the RSU settlement, which is not an open-market sale. Following these transactions, she directly holds 549,277 Class A shares. Each RSU represents a right to receive one share, subject to her continuous service to the company at vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
100,000 shares exercised/converted
Mixed
3 txns
Insider
Porter Jennifer E
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 100,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 100,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 29,100 | $7.06 | $205K |
Holdings After Transaction:
Restricted Stock Units — 300,000 shares (Direct);
Class A Common Stock — 578,377 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 pro rata on the first, second, third and fourth anniversaries of the transaction date (March 12, 2025).
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 100,000 shares of Class A Common Stock. The transaction reflects equity compensation vesting rather than an open-market purchase and increases her direct ownership stake in the company’s shares.
What do the Arhaus (ARHS) restricted stock units reported for Jennifer E Porter represent?
Each restricted stock unit represents a contingent right to receive one share of Arhaus Class A Common Stock. That right depends on Jennifer E Porter’s continuous service to the company through the applicable vesting dates specified in the RSU award agreement and related disclosures.
Was Jennifer E Porter’s Arhaus (ARHS) tax withholding transaction an open-market sale?
No. The 29,100 Arhaus shares reported under transaction code F were withheld by the issuer to cover income tax obligations from the RSU settlement. This withholding is a compensation-related mechanism, not a discretionary open-market sale by Jennifer E Porter.
How do Jennifer E Porter’s Arhaus (ARHS) RSUs vest over time?
The RSUs vest pro rata on the first, second, third, and fourth anniversaries of March 12, 2025, provided Jennifer E Porter continues serving Arhaus. Each vesting installment converts eligible RSUs into Class A Common Stock shares under the terms of the award.