Torrid (CURV) COO has 576 shares withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Torrid Holdings Inc. Chief Operating Officer Hyon C. Park reported a small share disposition related to equity compensation. On the reported date, 576 shares of common stock were withheld at $1.74 per share to cover tax liabilities from vesting restricted stock, rather than sold in the open market. After this tax-withholding event, Park directly owned 347,579 shares of Torrid common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Park Hyon C.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 576 | $1.74 | $1K |
Holdings After Transaction:
Common Stock — 347,579 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 576 shares
Withholding price per share: $1.74 per share
Shares owned after transaction: 347,579 shares
3 metrics
Shares withheld for taxes
576 shares
Withholding to satisfy tax liabilities on vesting restricted stock
Withholding price per share
$1.74 per share
Value used for the 576-share tax-withholding event
Shares owned after transaction
347,579 shares
Direct holdings of COO Hyon C. Park following the Form 4 event
Key Terms
restricted stock, withholding of shares, tax liabilities, Chief Operating Officer
4 terms
restricted stock financial
"in connection with the vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liabilities financial
"withholding of shares to satisfy tax liabilities in connection"
Chief Operating Officer financial
"Hyon C. Park serves as Chief Operating Officer"
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What did Torrid (CURV) COO Hyon C. Park report in this Form 4?
The filing shows Hyon C. Park had 576 shares of Torrid common stock withheld to cover taxes on vesting restricted stock. This was a compensation-related tax-withholding event, not an open-market purchase or sale of shares.
Was the Torrid (CURV) COO’s Form 4 transaction an open-market sale?
No, the transaction reflects shares withheld to satisfy tax liabilities from vesting restricted stock. The Form 4 uses code F, indicating payment of tax liability by delivering securities, rather than an elective open-market sale of shares.
What does transaction code F mean in the Torrid (CURV) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. Here, it means 576 Torrid shares were withheld to cover tax on vesting restricted stock, rather than being voluntarily sold in the market.