Form 4: Nancy Walsh Receives SPWH Restricted Stock Grant

Director Nancy A. Walsh was granted 62,992 restricted stock units in Sportsman's Warehouse Holdings, Inc.

Summary

• Director Nancy A. Walsh acquired 62,992 restricted stock units (RSUs) on May 27, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the reporting person's total beneficial ownership is 167,503 shares of common stock.
• The units vest in twelve substantially equal monthly installments, beginning one month after the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting is contingent upon the reporting person's continued service as a director.

Future Outlook

The RSUs will vest in twelve equal monthly installments, provided the director remains in service.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term board commitment and align director compensation with shareholder value.

Comparison to Industry Standards

• The use of monthly vesting schedules for director equity is a common practice among mid-cap retail companies to ensure ongoing board engagement.

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation structure.

Next Steps

• Vesting of the first installment of RSUs one month following the grant date.

Key Dates

Keywords

SPWH, Sportsman's Warehouse, Form 4, Insider Trading, Director Compensation, Equity Grant