Form 4: Sportsman's Warehouse CEO Paul Stone Reports Changes in Beneficial Ownership
SEC Form 4
Paul Stone, President and CEO of Sportsman's Warehouse Holdings, reports a transaction involving common stock due to tax withholding upon vesting of restricted stock units.
Summary
- On April 1, 2025, Paul Stone, the President and CEO of Sportsman's Warehouse Holdings, engaged in a transaction involving common stock.
- This transaction involved the disposition of 58,422 shares at a price of $0.965 per share.
- The transaction was related to tax withholding requirements upon the vesting of restricted stock units.
- Following the transaction, Stone directly owns 1,031,113 shares of common stock.
- These holdings include restricted stock units that are scheduled to vest in multiple installments between November 2025 and March 2028, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document outlines future vesting schedules for restricted stock units, contingent on the Reporting Person's continued employment with the Issuer.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of key personnel.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time to align management's interests with those of shareholders.
- The vesting schedules outlined in the document are typical for RSU grants, with vesting occurring over several years.
- Companies like Dick's Sporting Goods (DKS) and Bass Pro Shops (privately held) also utilize equity-based compensation for their executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's stock disposition for tax purposes.
- The vesting schedule of restricted stock units incentivizes the executive to remain with the company, aligning their interests with long-term shareholder value.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction involving common stock. |
| 04/03/2025 | Date of signature by Attorney-in-Fact. |
| 11/01/2025 | First vesting date for 220,064 restricted stock units. |
| 05/01/2025 | First vesting date for 124,610 restricted stock units. |
| 03/26/2026 | First vesting date for 200,000 restricted stock units. |
| 04/01/2026 | First vesting date for 269,687 restricted stock units. |
| 11/01/2026 | Second vesting date for 220,064 restricted stock units. |
| 05/01/2026 | Second vesting date for 124,610 restricted stock units. |
| 03/26/2027 | Second vesting date for 200,000 restricted stock units. |
| 04/01/2027 | Second vesting date for 269,687 restricted stock units. |
| 05/01/2027 | Third vesting date for 124,610 restricted stock units. |
| 03/26/2028 | Third vesting date for 200,000 restricted stock units. |
Keywords
beneficial ownership, Form 4, SPWH, Sportsman's Warehouse, Paul Stone, restricted stock units, common stock, insider trading
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