Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 40

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 40
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 is terminated due to his death or incapacity or for gross misconduct, or by Mr. White without good reason (as such terms are defined in his severance agreement), Mr. White will be entitled to receive his base salary and paid personal time off accrued through the date of termination and payment of any unreimbursed business expenses (the “accrued obligations”).

Pursuant to the terms of Mr. White’s time-based restricted stock units received in fiscal years 2022, 2023 and 2024, if Mr. White’s employment terminates due to his death or permanent disability (as such term is defined in the award agreement) between scheduled vesting dates, the next vesting tranche of the award that is scheduled to vest will immediately vest and the remaining unvested stock units will terminate.

Pursuant to the terms of Mr. White’s performance-based restricted stock units received in fiscal year 2024, if Mr. White’s employment had terminated due to his death or permanent disability (as such term is defined in the award agreement) before the first anniversary of the grant date, Mr. White would have become fully vested at the end of the performance period in all the restricted stock units determined eligible to vest as if his employment or service had not been terminated. Any remaining unvested restricted stock units would have been terminated. The compensation committee determined that none of the performance-based restricted stock units received in fiscal year 2024 were eligible to vest because the threshold performance metrics were not achieved and that, as a result, such restricted stock units were terminated.

Pursuant to the terms of the award agreements for Mr. White’s performance-based restricted stock units he received in fiscal years 2022 and 2023, if Mr. White’s employment terminates due to his death or permanent disability (as such term is defined in the award agreement) that occurs at or prior to the third anniversary of the grant date, the following restricted stock units will vest, and any remaining unvested restricted stock units will be terminated:

if such termination occurs during the first year after the grant date, 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 first performance period;

if such termination occurs during the second year after the grant date, (1) any restricted stock units for the first performance period that had previously become eligible to vest and (2) the restricted stock units that would have become eligible to vest had Mr. White’s employment or