Kathy E. Veltri - Apr 12, 2024 Form 4 Insider Report for Arhaus, Inc. (ARHS)

Role
Chief Retail Officer
Signature
/s/ Suzanne Hanselman, Attorney-in-Fact
Stock symbol
ARHS
Transactions as of
Apr 12, 2024
Transactions value $
$0
Form type
4
Date filed
4/16/2024, 05:43 PM
Previous filing
Mar 12, 2024
Next filing
Aug 5, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARHS Performance Share Units Award $0 +13.6K $0.00 13.6K Apr 12, 2024 Class A Common Stock 13.6K Direct F1, F2
transaction ARHS Restricted Stock Units Award $0 +4.54K $0.00 4.54K Apr 12, 2024 Class A Common Stock 4.54K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit ("PSU") represents a contingent right to receive one share of Class A Common Stock, subject to the achievement of applicable performance criteria over a three-year performance period beginning January 1, 2024 and ending on December 31, 2026. The target number of PSUs is reported in Column 5. The number of shares to be earned and issued may be 0%-200% of the target number of PSUs depending on actual performance.
F2 Subject to the Reporting Person's continuous employment with the Issuer, the PSUs granted vest on December 31, 2026, but the PSUs will not settle and payout until the number of PSUs earned is determined by the Issuer's Compensation Committee based on the Company's achievement of performance goals.
F3 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock, subject to the Reporting Person's continuous service to the Issuer.
F4 Subject to the Reporting Person's continuous service to the Issuer, the RSUs vest pro rata on the first, second, and third anniversaries of the transaction date.