Company: SPWH
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0000950170-25-054732
Chunk: 43

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 43
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) or (y) the target number of restricted stock units for the third performance period.

In addition, pursuant to the terms of Mr. White’s award agreements for performance-based restricted stock units he received in fiscal years 2022 and 2023, if (1) a change of control (as defined in the award agreement) occurs before the third anniversary of the grant date and before the date Mr. White’s service with us terminates, (2) the restricted stock units are assumed, substituted, exchanged, or otherwise continued following the change of control, and (3) Mr. White’s employment is terminated without cause by us or by Mr. White for good reason (as such terms are defined in the award agreement) upon or following the change of control and on or before the third anniversary of the grant date, then, in addition to his benefits above under “Termination of employment without gross misconduct of with good reason”, and subject to Mr. White satisfying the release requirement in his severance agreement, 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, (1) the greater of (x) 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 (with such performance period shortened to end on the date of such termination 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 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, (2) the greater of (x) 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 second performance period (with such performance period shortened to end on the date of such termination 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 termination 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