Sportsman’s Warehouse Holdings, Inc. reports incentive grant under Nasdaq listing rule 5635(c)(4)

WEST JORDAN, Utah, May 2, 2024 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced that, effective May 1, 2024, the Compensation Committee (the “Committee”) of the Company’s Board of Directors awarded an incentive award consisting of 124,610 time-based restricted stock units (“RSUs”) to Paul Stone, the Company’s CEO. The award was a signing bonus granted as an inducement for Mr. Stone’s employment with Sportsman’s Warehouse in accordance with Nasdaq Listing Rule 5635(c)(4).

The award is subject to the terms and conditions of the Sportsman’s Warehouse Holdings, Inc. Inducement Plan and the terms of a restricted stock unit award agreement apply. Each RSU represents the right to receive one share of the Company’s common stock. The RSUs will vest in three equal installments, with one-third of the underlying shares vesting on May 1, 2025, May 1, 2026 and May 1, 2027, subject to Mr. Stone’s continued service through these dates.

About Sportsman’s Warehouse Holdings, Inc.

Sportsman’s Warehouse Holdings, Inc. is a specialty outdoor retailer focused on meeting the needs of the seasoned outdoor veteran, the first-time participant, and everyone in between. We provide excellent equipment and exceptional service to inspire outdoor memories.

For press releases and certain additional information about the Company, please visit the Investor Relations section of the Company’s website at www.sportsmans.com.

Contact person for investors:
Riley Timmer
Vice President, Investor Relations
Sportsman’s Warehouse
(801) 304-2816
[email protected]