Torrid (NYSE: CURV) CFO has 2,238 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torrid Holdings Inc. Chief Financial Officer Paula Dempsey reported a routine tax-related share disposition. On the transaction date, 2,238 shares of common stock were withheld at a price of $1.71 per share to satisfy tax liabilities arising from the vesting of restricted stock. Following this withholding, she directly holds 275,360 shares of Torrid common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dempsey Paula
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,238 | $1.71 | $4K |
Holdings After Transaction:
Common Stock — 275,360 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Torrid Holdings (CURV) CFO Paula Dempsey report?
Paula Dempsey reported a tax-related share disposition. The company withheld 2,238 shares of Torrid common stock to cover tax liabilities triggered by restricted stock vesting, rather than an open-market sale or discretionary trade.
Was the Torrid Holdings (CURV) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was a Form 4 code F event, where 2,238 shares were withheld by the company to pay taxes associated with restricted stock vesting, a common non-discretionary compensation-related mechanism.
What does Form 4 transaction code F mean for Torrid Holdings (CURV) CFO?
Transaction code F indicates shares were withheld to pay the exercise price or tax liability. For Torrid’s CFO, 2,238 shares were retained by the company to settle taxes arising from restricted stock vesting, rather than reflecting a voluntary sale in the market.