Citi Trends (CTRN) EVP receives stock award and covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Citi Trends Inc executive Lisa A. Powell reported routine stock-based compensation and related tax withholding. On June 30, she had 71 shares of common stock withheld at $57.84 per share to cover tax obligations, a non-market "F" code disposition. The same day, she received a grant of 239 common shares ("A" code) at no cost as an award. After these entries, she directly held 24,041 common shares. A footnote states the reported post-transaction amount corrects an earlier administrative error in previously forfeited shares for tax withholding, and confirms that no transactions were omitted.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Powell Lisa A.
Role
EVP and Chief Merch Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 239 | $0.00 | -- |
| Tax Withholding | Common Stock | 71 | $57.84 | $4K |
Holdings After Transaction:
Common Stock — 24,041 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 71 shares
Tax-withholding price: $57.84 per share
Stock award: 239 shares
+2 more
5 metrics
Tax-withholding shares
71 shares
Common Stock withheld for taxes at $57.84 on June 30
Tax-withholding price
$57.84 per share
Value used for 71-share tax-withholding disposition
Stock award
239 shares
Common Stock grant/award with $0.00 price on June 30
Shares after transactions
24,041 shares
Total Citi Trends common shares directly held after June 30 entries
Tax-withholding count
1 transaction
Form 4 transaction summary shows one F-code tax-withholding event
Key Terms
tax-withholding disposition, Grant, award, or other acquisition, Common Stock, administrative error
4 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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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.
administrative error other
"corrected to reflect an administrative error in the number of securities"
FAQ
What insider transactions did Citi Trends (CTRN) report for Lisa A. Powell?
Citi Trends reported that EVP and Chief Merchandising Officer Lisa A. Powell had 71 shares withheld to pay taxes and received a grant of 239 common shares. These are routine compensation-related entries rather than open-market trading activity.
Was Lisa A. Powell’s Citi Trends (CTRN) Form 4 a stock sale in the market?
No, the Form 4 shows 71 shares disposed as tax withholding, not an open-market sale. The disposition used shares to satisfy tax obligations tied to equity compensation, while Powell simultaneously received a 239-share stock award.
What do the A and F transaction codes mean in the Citi Trends (CTRN) Form 4?
Code A indicates a grant, award, or other acquisition of shares, here a 239-share stock award. Code F indicates shares withheld to pay taxes or exercise costs, here 71 shares used for tax liabilities, not an open-market sale of Citi Trends stock.
Did the Citi Trends (CTRN) Form 4 disclose any omitted insider transactions?
No, the footnote explicitly states that no transactions were omitted. It clarifies that the column showing shares held after the event was corrected for an earlier administrative error in the number of shares previously forfeited for tax withholding.