Torrid Holdings (CURV) CFO withholds shares to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torrid Holdings Inc. Chief Financial Officer Paula Dempsey reported a tax-related share disposition tied to equity compensation. On this Form 4, 2,289 shares of common stock were withheld at $1.79 per share to satisfy tax liabilities arising from the vesting of restricted stock. After this withholding, she directly holds 273,071 shares of 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 | 2,289 | $1.79 | $4K |
Holdings After Transaction:
Common Stock — 273,071 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,289 shares
Withholding price: $1.79 per share
Shares held after transaction: 273,071 shares
3 metrics
Shares withheld for taxes
2,289 shares
Withholding to satisfy tax liabilities on restricted stock vesting
Withholding price
$1.79 per share
Price used for 2,289 withheld common shares
Shares held after transaction
273,071 shares
CFO direct holdings of common stock following tax withholding
Key Terms
restricted stock, withholding of shares, tax liabilities, Form 4
4 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"
Form 4 regulatory
"On this Form 4, 2,289 shares of common stock were withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Torrid Holdings (CURV) report for its CFO?
Torrid Holdings reported that CFO Paula Dempsey had 2,289 shares of common stock withheld to cover tax liabilities from restricted stock vesting, at a price of $1.79 per share, as disclosed in a Form 4 insider transaction filing.
Was the Torrid (CURV) CFO’s Form 4 transaction an open-market sale?
No. The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations triggered when restricted stock vested, according to the filing’s footnote disclosure.
What does a tax-withholding disposition mean for Torrid (CURV) insiders?
A tax-withholding disposition means the company withholds some shares when restricted stock vests to cover associated tax liabilities. It is a mechanistic step in equity compensation, not a discretionary decision to sell shares on the open market.
What security was involved in the Torrid (CURV) CFO’s reported transaction?
The transaction involved Torrid Holdings common stock. The Form 4 shows 2,289 common shares withheld at $1.79 per share in connection with the vesting of restricted stock and related tax obligations, with remaining direct holdings of 273,071 shares.