Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 127

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 127
---
 fair value of $3.12 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three-year period with one third of the shares vesting on each grant date anniversary.   

81

During the fiscal year 2023, the Company issued 1,219 nonvested stock units to employees of the Company and independent members of the Board of Directors at a weighted average grant date fair value of $6.34 per share. The shares issued to the independent members of the Board of Directors vest over 12 months with one twelfth vesting each month from the grant date. The shares issued to employees of the Company vest over a three-year period with one third of the shares vesting on each grant date anniversary.     The following table sets forth the rollforward of outstanding nonvested stock units: 

        Weighted

        average

        grant-date

        Shares

        fair value

        Balance at February 3, 2024

        1,058

        $
        7.13

        Grants

        1,354

        3.12

        Forfeitures

        (204
        )

        5.70

        Vested

        (508
        )

        7.37

        Balance at February 1, 2025

        1,700

        $
        4.01

        Weighted

        average

        grant-date

        Shares

        fair value

        Balance at January 28, 2023

        721

        $
        12.16

        Grants

        1,219

        6.34

        Forfeitures

        (449
        )

        10.22

        Vested

        (433
        )

        10.07

        Balance at February 3, 2024

        1,058

        $
        7.13

       As of February 1, 2025, and February 3, 2024, the weighted average grant date fair value of the outstanding shares was $4.01 and $7.13, respectively.

(14) Employee Stock Purchase PlanIn June 2015, the Company’s stockholders approved the Sportsman’s Warehouse Holdings, Inc. Employee Stock Purchase Plan (“ESPP”), which provides for the