Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 44

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 44
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 vest, and (2) the greater of (x) the restricted stock units that would have become eligible to vest had Mr. White’s employment or service not been terminated, based on actual performance for the third performance period (with such performance period shortened to end on the date of such termination and corresponding adjustments to the performance goals for such performance period) or (y) the target number of restricted stock units for the third performance period.

Pursuant to Mr. White’s award agreement for performance-based restricted stock units received in fiscal year 2024, if (1) a change of control (as defined in the award agreement) occurs before the first anniversary of the grant date and before the date Mr. White’s service with us terminates, and Mr. White’s employment is terminated by us without cause or by Mr. White with good reason (as such terms are defined in the award agreement) upon or following the change of control and before the first anniversary of the grant date, then, in addition to his benefits above under “Termination of employment without gross misconduct of with good reason”, Mr. White will become fully vested in the target number of restricted stock units subject to the award, subject to Mr. White timely executing and not revoking a general release of claims in favor of us.

Restrictive Covenants.Pursuant to Mr. White’s severance agreement, Mr. White has agreed not to disclose any of our confidential information or to publicly disparage us at any time during or after his employment with us. In addition, Mr. White has agreed that, for a period of one year following a termination of his employment with us, he will not engage in certain competitive activities with us and, for a period of two years following a termination of his employment with us, he will not solicit our employees or independent contractors.

Other Policies

Executive Stock Ownership Guidelines

We maintain stock ownership guidelines for our executive officers, under which (i) our Chief Executive Officer is expected to own shares of our Common Stock with a value equal to at least three times his then-current annualized base salary and (ii) each of our other executive officers is expected to own shares of our Common Stock with a value equal to at least one times the officer’s then-current annualized base salary. Share ownership for purposes of the guidelines includes shares of our Common Stock owned directly by the executive officer, by the officer’s spouse, or by the officer’s children who reside with the officer or the officer’s spouse, shares held in a trust established by the executive