Form 4: Sportsman's Warehouse CEO Paul Stone Acquires 31,895 Shares
SEC Form 4 Filing
Paul Stone, President and CEO of Sportsman's Warehouse, purchased 31,895 shares of common stock at an average price of $2.3511 on October 2, 2024.
Summary
- On October 2, 2024, Paul Stone, the President and CEO of Sportsman's Warehouse Holdings, Inc., acquired 31,895 shares of the company's common stock.
- The shares were purchased at a weighted average price of $2.3511, with individual prices ranging from $2.32 to $2.41.
- Following the transaction, Stone directly owns 936,052 shares of Sportsman's Warehouse.
- This total includes 330,097 restricted stock units vesting in installments on November 1, 2024, November 1, 2025 and November 1, 2026.
- It also includes 404,530 restricted stock units vesting in installments on April 1, 2025, April 1, 2026 and April 1, 2027 and 124,610 restricted stock units vesting in installments on May 1, 2025, May 1, 2026, and May 1, 2027, all subject to continued employment.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase is a good sign, but it's a relatively small transaction in the grand scheme of things.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal about their confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. However, it's just one data point and should be considered alongside other factors.
Stakeholder Impact
- The CEO's stock purchase could boost investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of the transaction: Paul Stone purchased 31,895 shares of SPWH. |
| 10/03/2024 | Date of the Form 4 filing. |
| 11/01/2024 | First vesting date for 330,097 restricted stock units. |
| 04/01/2025 | First vesting date for 404,530 restricted stock units. |
| 05/01/2025 | First vesting date for 124,610 restricted stock units. |
| 11/01/2025 | Second vesting date for 330,097 restricted stock units. |
| 04/01/2026 | Second vesting date for 404,530 restricted stock units. |
| 05/01/2026 | Second vesting date for 124,610 restricted stock units. |
| 11/01/2026 | Third vesting date for 330,097 restricted stock units. |
| 04/01/2027 | Third vesting date for 404,530 restricted stock units. |
| 05/01/2027 | Third vesting date for 124,610 restricted stock units. |
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