Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 1198

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 1198
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    Weighted Average Grant Date Fair Value 
  
    PSUs unvested – January 1, 2024 
     1,567,913  
    $18.56 
  
    PSUs granted 
     -  
    $- 
  
    PSUs vested 
     -  
    $- 
  
    PSUs cancelled/forfeited 
     -  
    $- 
  
    PSUs unvested – December 31, 2024 
     1,567,913  
    $18.56 

A summary of the Company’s PSU activity and
related information for the year ended December 31, 2023 is as follows:

    Number of PSUs  
    Weighted Average Grant Date Fair Value 
  
    PSUs unvested – January 1, 2023 
     1,567,913  
    $6.45 
  
    PSUs granted 
     1,567,913  
    $18.56 
  
    PSUs vested 
     (1,567,913) 
    $6.45 
  
    PSUs cancelled/forfeited 
     -  
    $- 
  
    PSUs unvested – December 31, 2023 
     1,567,913  
    $18.56 

As of December 31, 2024, the total unrecognized compensation
expense related to unvested PSUs was approximately $7,276,000
which is expected to be recognized over a weighted-average period of 0.25
years, based on estimated vesting schedules. The stock-based compensation for PSUs was $14,553,000
and $13,753,000
during the years ended December 31, 2024 and 2023, respectively. During 2024 and 2023, the Company recognized no tax benefit from the
vesting of PSUs during these periods.

    F-38

Restricted Stock
Units

RSU awards are granted subject to certain vesting
requirements and other restrictions, including performance and market-based vesting criteria. The grant date fair value of the RSUs,
which has been determined based upon the market value of the Company’s common stock on the grant date, is expensed over the vesting
period of the RSUs.

Grants During the Year Ended December 31, 2024

During the