Rengel Michael 4
4 · Arhaus, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Arhaus (ARHS) CMO Michael Rengel Receives 300,000-Unit Award
What Happened Michael Rengel, Chief Merchandising Officer of Arhaus, was granted two equity awards on April 15, 2026: 150,000 Performance Share Units (PSUs) and 150,000 Restricted Stock Units (RSUs), for a total of 300,000 units. Both awards were reported at $0.00 per unit (typical for grants); these are derivative awards, not open-market purchases or sales. The PSUs are performance-based and the RSUs are service-based.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (reporting appears timely for the April 15 transaction).
- Grants: 150,000 PSUs and 150,000 RSUs; both recorded at $0.00/unit.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- PSUs (F1/F2): Target = 150,000 PSUs; each PSU can convert to one share if performance goals are met; payout may range from 0%–200% of target depending on performance over the 3-year period Jan 1, 2026–Dec 31, 2028. PSUs vest (subject to continued employment) on Dec 31, 2028, and will not settle until the Compensation Committee determines the number earned.
- RSUs (F3/F4): Each RSU equals a contingent right to one share, vesting pro rata on the first, second, and third anniversaries of April 15, 2026, subject to continued service.
- Filing code: Award/Grant (A). No sale or purchase occurred.
Context
- These are derivative equity awards: PSUs are performance-contingent (may convert to between 0% and 200% of target shares), while RSUs vest over time with continued service. Neither award represents immediate transferable shares; settlement depends on vesting/performance and employment.
- Awards are routine executive compensation and do not by themselves signal the insider is buying or selling stock. They do, however, show management is being incentivized with multi-year, performance- and service-based equity.
Insider Transaction Report
Form 4
Arhaus, Inc.ARHS
Rengel Michael
Chief Merchandising Officer
Transactions
- Award
Performance Share Units
[F1][F2]2026-04-15+150,000→ 150,000 totalExp: 2028-12-31→ Class A Common Stock (150,000 underlying) - Award
Restricted Stock Units
[F3][F4]2026-04-15+150,000→ 150,000 total→ Class A Common Stock (150,000 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).
Signature
/s/ Christian Sedor, Attorney-in-Fact|2026-04-17