Stone Paul 4
Research Summary
AI-generated summary
Sportsman's Warehouse CEO Paul Stone Receives 434,783 RSU Award
What Happened
- Paul Stone, President & CEO (and Director) of Sportsman's Warehouse Holdings, Inc. (SPWH), received a grant of 434,783 restricted stock units (RSUs) on March 25, 2026 (reported as an award at $0.00).
- On March 26, 2026, 28,598 shares were disposed/withheld at $1.34 per share to satisfy tax withholding obligations, generating proceeds/value of $38,321. The grant itself is not a purchase or market sale—it's an award that vests over time.
Key Details
- Transaction dates and prices:
- 2026-03-25: Award of 434,783 RSUs (price reported $0.00) — these RSUs are scheduled to vest in three equal installments on 3/25/2027, 3/25/2028 and 3/25/2029 (Footnote F1).
- 2026-03-26: 28,598 shares withheld/disposed at $1.34 to cover tax withholding (total ~$38,321) (Footnote F3).
- Shares/rights reported after the transactions:
- The filing discloses a total of 1,030,909 RSUs scheduled to vest on various dates (see Footnote F4), which includes the newly granted 434,783 RSUs.
- The filing also notes 3,376 shares acquired earlier under the company ESPP (Footnote F2).
- Notable footnotes:
- F1 explains the March 25, 2026 RSU grant and vesting schedule.
- F3 indicates the 28,598 shares were withheld by the issuer to satisfy tax withholding in connection with prior RSU vesting.
- F4 lists other outstanding RSU tranches and vesting schedules that comprise the reported RSU total.
- Filing/timeliness: Form 4 was filed on March 27, 2026 (reporting period 3/25/2026). No indication in the report that the filing was late.
Context
- RSUs are awards representing the right to receive one share each upon vesting; they are not open-market purchases and do not by themselves signal an immediate bullish or bearish trade.
- The 28,598-share disposition was a tax-withholding action (routine), not an open-market sale; such withholdings are common when RSUs vest.
- For retail investors, grants increase potential future share dilution as RSUs vest; tax-withholding disposals are administrative and do not necessarily reflect the insider’s view of the company's prospects.