Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 755

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 8F
Chunk 755
---
        Weighted

        average

        grant-date

        Shares

        fair value

        Balance at January 28, 2023

        313

        $
        7.72

        Grants

        36

        8.40

        Forfeitures

        (98
        )

        10.94

        Vested

        (221
        )

        6.20

        Balance at February 3, 2024

        30

        $
        9.03

       Nonvested Stock Unit AwardsDuring the fiscal year 2024, the Company issued 1,354 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 $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