Lee Michael Alan 4
4 · Arhaus, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Arhaus (ARHS) CFO Lee Michael Alan Receives Equity Award
What happened Lee Michael Alan, Chief Financial Officer of Arhaus, received equity awards on April 15, 2026 consisting of 39,782 performance share units (PSUs) and 39,783 restricted stock units (RSUs) as grant-type derivative awards. No cash was paid at grant (grant price $0.00). The PSUs are performance-contingent (0%–200% of target) and the RSUs are service-contingent.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
- Awards: 39,782 PSUs (target) and 39,783 RSUs; total target units = 79,565.
- Grant price/value at grant: $0.00 (non-cash compensation award).
- PSU specifics: Performance period Jan 1, 2026 – Dec 31, 2028; payout may be 0%–200% of target; PSUs vest Dec 31, 2028 and will not settle until the Compensation Committee determines performance.
- RSU specifics: Vest pro rata on the first, second and third anniversaries of Apr 15, 2026 (i.e., ~Apr 15 of 2027, 2028 and 2029), subject to continuous service.
- Shares owned after transaction: not specified in the provided filing.
- Filing code: Grant/Award (A); no sale or open-market purchase involved.
Context These were compensation awards, not open-market buys or sales. PSUs are performance-based — the eventual number of shares issued could be greater or less than the target depending on results; RSUs convert to one share each as they vest. Such grants reflect executive compensation and do not by themselves indicate a near-term buying or selling signal.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2]2026-04-15+39,782→ 39,782 totalExp: 2028-12-31→ Class A Common Stock (39,782 underlying) - Award
Restricted Stock Units
[F3][F4]2026-04-15+39,783→ 39,783 total→ Class A Common Stock (39,783 underlying)
Footnotes (4)
- [F1]Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Class A Common Stock, subject to the achievement of applicable performance criteria over a three-year performance period beginning January 1, 2026 and ending on December 31, 2028. The target number of PSUs is reported in Column 5. The number of shares to be earned and issued may be 0%-200% of the target number of PSUs depending on actual performance.
- [F2]Subject to the Reporting Person's continuous employment with the Issuer, the PSUs granted vest on December 31, 2028, but the PSUs will not settle and payout until the number of PSUs earned is determined by the Issuer's Compensation Committee based on the Company's achievement of performance goals.
- [F3]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.
- [F4]Subject to the Reporting Person's continuous service to the Issuer, the RSUs vest pro rata on the first, second, and third anniversaries of the transaction date (April 15, 2026).