Torrid (CURV) executive has shares withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torrid Holdings Inc. executive Abaelu Chinwe reported a routine share disposition related to taxes, not an open-market trade. On the transaction date, 3,985 shares of common stock were withheld at $1.79 per share to cover tax liabilities from the vesting of restricted stock. After this tax-withholding event, Chinwe directly owned 229,830 shares of Torrid common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Abaelu Chinwe
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,985 | $1.79 | $7K |
Holdings After Transaction:
Common Stock — 229,830 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,985 shares
Withholding price: $1.79 per share
Shares owned after transaction: 229,830 shares
3 metrics
Shares withheld for taxes
3,985 shares
Tax-withholding disposition on restricted stock vesting
Withholding price
$1.79 per share
Value used for tax-withholding of 3,985 shares
Shares owned after transaction
229,830 shares
Direct CURV holdings following tax-withholding event
Key Terms
restricted stock, withholding of shares, tax liabilities
3 terms
restricted stock financial
"in connection with the vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liabilities financial
"withholding of shares to satisfy tax liabilities in connection"
FAQ
What insider transaction did CURV executive Abaelu Chinwe report?
Abaelu Chinwe reported a tax-related disposition of Torrid Holdings (CURV) shares. Specifically, 3,985 common shares were withheld to satisfy tax liabilities triggered by the vesting of restricted stock, rather than sold on the open market, leaving 229,830 shares directly owned.
What does the Form 4 footnote say about the CURV insider transaction?
The footnote explains that the transaction reflects withholding of shares to satisfy tax liabilities. These taxes arose in connection with the vesting of restricted stock, clarifying that the disposition is an automatic, administrative event rather than a voluntary open-market sale of Torrid Holdings (CURV) shares.