RH (RH) Posts Q4 Earnings Beat on Light Revenue, Announces 3-for-1 Stock Split
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RH Reports Record Fourth Quarter and Fiscal Year 2021 Results
March 29, 2022 4:07 PM EDTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) has released its financial results for the fourth quarter and fiscal year ended January 29, 2022, in a shareholder letter from Chairman and Chief Executive Officer Gary Friedman, available on the Investor Relations... More
RH Announces Intention to Execute a 3-for-1 Stock Split
March 29, 2022 4:06 PM EDTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) announced today that it intends to execute a 3-for-1 stock split with respect to its common stock. The Company believes that a stock split is appropriate in view of the substantial appreciation that has occurred in the share price since the 2012 initial public offering. Although a stock split does not change the value of the Company, we believe that a split should have a number of benefits, including the recruitment and retention of talent. The stock split is expected to be executed... More
RH Announces Chairman & CEO Gary Friedman Plans to Exercise Expiring IPO Stock Options and Sell a Portion of the Shares to Fund the Exercise and Satisfy Resulting Tax Obligations
March 29, 2022 4:05 PM EDTCORTE MADERA, Calif.--(BUSINESS WIRE)-- RH (NYSE: RH) announced today that Chairman & Chief Executive Officer Gary Friedman intends to sell approximately 1.7 million shares of common stock related to 2.9 million options that are set to expire in connection with the ten-year anniversary of the Companys initial public offering. Mr. Friedman plans to use the sale proceeds to fund the option exercise and satisfy the resulting tax obligations.
Following the option exercise and sale, Mr. Friedman will retain beneficial ownership of approximately 5.7 million shares, representing approximately 21% of RHs common stock... More
