Citi Trends (NASDAQ: CTRN) officer reports stock award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Citi Trends Inc officer Lovesh Kumar Puri reported routine equity compensation and tax-related share adjustments. On June 30, he received a grant of 41 shares of common stock at no cost and had 15 shares withheld to cover tax obligations, following 263 shares previously withheld for taxes on May 5. After these transactions and a correction of previously over-reported holdings due to an administrative error, he now directly owns 3,958 Citi Trends common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Puri Lovesh Kumar
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $0.00 | -- |
| Tax Withholding | Common Stock | 15 | $57.84 | $867.60 |
| Tax Withholding | Common Stock | 263 | $46.82 | $12K |
Holdings After Transaction:
Common Stock — 3,958 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares June 30: 15 shares
Stock grant June 30: 41 shares
Tax-withheld shares May 5: 263 shares
+4 more
7 metrics
Tax-withheld shares June 30
15 shares
Shares withheld at $57.84 per share to cover tax obligations on June 30, 2026
Stock grant June 30
41 shares
Common stock granted at $0.00 per share on June 30, 2026
Tax-withheld shares May 5
263 shares
Shares withheld at $46.82 per share to cover tax obligations on May 5, 2026
Total tax-withheld shares
278 shares
Aggregate shares withheld for tax obligations across two transactions
Holdings after latest transaction
3,958 shares
Direct Citi Trends common shares owned after June 30, 2026 transactions and correction
June 30 tax price
$57.84 per share
Value used for 15-share tax-withholding disposition on June 30, 2026
May 5 tax price
$46.82 per share
Value used for 263-share tax-withholding disposition on May 5, 2026
Key Terms
tax-withholding disposition, grant/award acquisition, beneficially owned, administrative error
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and code F indicating payment of tax liability by delivering securities"
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.
grant/award acquisition financial
"transaction_action: "grant/award acquisition" for 41-share common stock award on June 30, 2026"
beneficially owned financial
"footnote: "the number of securities beneficially owned by the reporting person, which was over-reported""
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
administrative error other
"footnote: "over-reported in the Form 3 filed on May 6, 2026 due to an administrative error""
FAQ
What insider transactions did Citi Trends (CTRN) officer Lovesh Kumar Puri report?
Lovesh Kumar Puri reported a small stock award and tax-related share withholdings. He received 41 Citi Trends common shares as a grant and had 278 shares withheld in total on May 5 and June 30 to satisfy tax obligations tied to equity compensation.
Were any of Lovesh Kumar Puri’s Citi Trends (CTRN) transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows a grant of 41 Citi Trends common shares and two tax-withholding dispositions totaling 278 shares, used to cover tax liabilities related to equity compensation rather than discretionary trading activity.
What does the tax-withholding disposition mean in the Citi Trends (CTRN) Form 4?
Tax-withholding dispositions mean shares were delivered back to Citi Trends to pay taxes on equity awards. In this filing, 15 shares on June 30 and 263 shares on May 5 were withheld, settling tax obligations instead of Puri selling shares in the open market.
Why did the Citi Trends (CTRN) Form 4 mention a correction of beneficial ownership?
The filing notes that prior beneficial ownership was over-reported in a Form 3 due to an administrative error. The updated holdings of 3,958 Citi Trends common shares are intended to correct that mistake and accurately reflect Lovesh Kumar Puri’s current direct ownership position.