Rengel Michael 4

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.