Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 42

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 42
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 cause or by Mr. White with good reason, and such termination occurs on or within two years after a change of control (as such terms are defined in the award agreement) of us, in addition to his benefits above under “Termination of employment without gross misconduct or with good reason," any outstanding time-based restricted stock unit awards granted to him by us will become fully vested upon his termination.

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 (1) a change of control occurs before the date Mr. White’s service with the Company terminates and (2) the restricted stock units are not assumed, substituted, exchanged, or otherwise continued following the change of control, the following restricted stock units will vest, and any remaining unvested restricted stock units will be terminated:

·if the change of control occurs during the first year after the grant date, (1) the greater of (x) the restricted stock units that would have become eligible to vest based on actual performance for the first performance period (with such performance period shortened to end on the date of such change of control and corresponding adjustments to the performance goals for such performance period), or (y) the target number of restricted stock units for the first performance period, and (2) the target number of restricted stock units for the second and third performance periods;

·if such change of control 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, (2) the greater of (x) the restricted stock units that would have become eligible to vest based on actual performance for the second performance period (with such performance period shortened to end on the date of such change of control and corresponding adjustments to the performance goals for such performance period), or (y) the target number of restricted stock units for the second performance period, and (3) the target number of restricted stock units for the third performance period; or

·if such change of control occurs during the third year after the grant date, (1) any restricted stock units for the first and second performance periods that had previously become eligible to vest, and (2) the greater of (x) the restricted stock units that would have become eligible to vest based on actual performance for the third performance period (with such performance period shortened to end on the date of such change of control and corresponding adjustments to the performance goals for such performance period