Sportsman’s Warehouse Holdings, Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
03 May 2024 - 6:15AM
Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s
Warehouse” or the “Company”) (Nasdaq: SPWH) announced today
that, effective as of May 1, 2024, the Compensation Committee (the
“Committee”) of the Company’s Board of Directors granted an
inducement award consisting of 124,610 time-based restricted stock
units (“RSUs”) to Paul Stone, the Company’s chief executive
officer. The award was a signing bonus granted as an inducement
material to Mr. Stone’s commencement of employment with Sportsman’s
Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).
The award is subject to the terms and conditions
of the Sportsman’s Warehouse Holdings, Inc. Inducement Plan and the
terms and conditions of a restricted stock unit award agreement.
Each RSU represents the right to receive one share of the Company’s
common stock. The RSUs will vest in three equal installments, with
one third of the underlying shares vesting on each of May 1, 2025,
May 1, 2026 and May 1, 2027, subject to Mr. Stone’s continued
service through such dates.
About Sportsman’s Warehouse Holdings,
Inc.
Sportsman’s Warehouse Holdings, Inc. is an
outdoor specialty retailer focused on meeting the needs of the
seasoned outdoor veteran, the first-time participant, and everyone
in between. We provide outstanding gear and exceptional service to
inspire outdoor memories.
For press releases and certain additional
information about the Company, visit the Investor Relations section
of the Company’s website at www.sportsmans.com.
Investor Contact:Riley
TimmerVice President, Investor RelationsSportsman’s Warehouse(801)
304-2816investors@sportsmans.com
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