Citi Trends (NASDAQ: CTRN) executive plans seven-figure stock sale
Rhea-AI Filing Summary
Citi Trends Inc (CTRN) officer Heather L. Plutino filed a Form 144 notice indicating an intention to sell up to 17,397 shares of Citi Trends common stock through broker Charles Schwab. The filing cites an aggregate market value of $1,189,780.83 and notes 8,329,848 shares of common stock outstanding as of the planned sale date. The securities were acquired primarily through employee and equity compensation awards and an open market purchase.
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Key Figures
Shares to be sold: 17,397 shares
Aggregate market value: $1,189,780.83
Shares outstanding: 8,329,848 shares
+3 more
6 metrics
Shares to be sold
17,397 shares
Maximum Citi Trends common shares in Heather L. Plutino’s Form 144
Aggregate market value
$1,189,780.83
Value of 17,397 Citi Trends shares covered by the Form 144
Shares outstanding
8,329,848 shares
Citi Trends common shares outstanding as of 08/28/2026
Equity compensation grant 06/27/2023
2,129 shares
Citi Trends common stock acquired as employee compensation on 06/27/2023
Equity compensation grant 05/05/2024
3,169 shares
Citi Trends common stock acquired as employee compensation on 05/05/2024
Open market purchase 09/04/2024
3,573 shares
Citi Trends common stock acquired for cash in open market purchase
Key Terms
Form 144, Rule 144, Employee Compensation, Equity Compensation, +1 more
5 terms
Form 144 regulatory
"144: Filer Information | | | 144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Employee Compensation financial
"Common | 06/27/2023 | Employee Compensation | Issuer |"
Equity Compensation financial
"2129 | 06/27/2023 | Equity Compensation"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
Open Market Puchase financial
"Common | 09/04/2024 | Open Market Puchase | Issuer |"
FAQ
What does Heather L. Plutino’s Form 144 filing mean for Citi Trends Inc (CTRN)?
Heather L. Plutino filed a Form 144 indicating an intention to sell up to 17,397 shares of Citi Trends common stock. Form 144 is a notice of proposed sale under Rule 144 and does not itself complete or guarantee that the sale will occur.
Which broker is listed for the potential sale in the Citi Trends (CTRN) Form 144?
The broker listed is Charles Schwab & Co. Inc. at 3000 Schwab Way, Westlake, Texas. The Form 144 indicates that the 17,397 shares of Citi Trends common stock may be sold through this broker on the NASDAQ market.
AI-generated analysis. How Rhea-AI works. Not financial advice.