Torrid (NYSE: CURV) officer has shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torrid Holdings Inc. officer Abaelu Chinwe reported a routine tax-related share disposition. On the vesting of restricted stock, 2,298 shares of common stock were withheld at $1.71 per share to cover tax liabilities. After this non‑market transaction, Chinwe directly holds 233,815 common shares.
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 | 2,298 | $1.71 | $4K |
Holdings After Transaction:
Common Stock — 233,815 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Torrid Holdings (CURV) report for Abaelu Chinwe?
Torrid Holdings reported that officer Abaelu Chinwe had 2,298 common shares withheld to cover taxes upon restricted stock vesting. This was coded as a tax-withholding disposition, not an open-market purchase or sale of CURV shares.
Was the CURV insider transaction by Abaelu Chinwe a stock sale on the market?
No, the transaction was not a market sale. Shares were withheld by the company to satisfy tax liabilities tied to restricted stock vesting, a common non-market mechanism rather than a discretionary decision to sell CURV shares in the open market.
What does transaction code F mean in the Torrid Holdings (CURV) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this CURV filing, it represents shares withheld to pay taxes on restricted stock vesting, rather than an intentional open-market purchase or sale by the insider.