Citi Trends (CTRN) VP Koenig reports 123-share tax withholding, holds 11,492
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Citi Trends Inc executive Kyle Koenig reported a routine tax-related share disposition. On this Form 4, 123 shares of common stock were withheld at $41.40 per share to cover tax obligations rather than sold in the open market. After this non-market transaction, Koenig directly holds 11,492 shares of Citi Trends common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Koenig Kyle
Role
VP of Stores and Real Estate
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 123 | $41.40 | $5K |
Holdings After Transaction:
Common Stock — 11,492 shares (Direct, null)
Footnotes (1)
Key Figures
Shares withheld for taxes: 123 shares
Tax withholding price: $41.40 per share
Shares held after transaction: 11,492 shares
3 metrics
Shares withheld for taxes
123 shares
Tax-withholding disposition, transaction code F
Tax withholding price
$41.40 per share
Value used for withheld common stock
Shares held after transaction
11,492 shares
Direct holdings following tax-withholding disposition
Key Terms
tax-withholding disposition, Common Stock, transaction code F
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code F financial
"transaction_code_description: "Payment of exercise price or tax liability""
FAQ
What did Citi Trends (CTRN) executive Kyle Koenig report on this Form 4?
Kyle Koenig reported a tax-withholding disposition of Citi Trends common stock. The company withheld 123 shares to cover tax obligations associated with equity compensation, rather than executing an open-market sale of shares.
Was Kyle Koenig’s Citi Trends (CTRN) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were delivered to cover tax liabilities under transaction code F, which is a routine administrative equity compensation event.