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Torrid Holdings (NYSE: CURV) CEO receives major stock and option grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Torrid Holdings Inc. director and Chief Executive Officer Lisa M. Harper reported new equity compensation awards and a prior forfeiture. On March 16, 2026, she received an option to purchase 1,267,606 shares of Common Stock at an exercise price of $1.27 per share, expiring in 2036, which will vest in four equal annual installments starting March 16, 2027, subject to continued employment. On the same date, she was also granted 472,441 restricted stock units that will vest 25% annually on March 16 of 2027, 2028, 2029, and 2030, also contingent on continued employment. Following the stock grant, her direct Common Stock holdings were 5,738,894 shares. A separate entry dated May 3, 2025 shows a disposition of 300,000 shares to the issuer, and a footnote explains that performance stock units granted on May 3, 2022 were forfeited without consideration because performance conditions were not achieved and no shares were issued.

Positive

  • None.

Negative

  • None.
Insider HARPER LISA M
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Option to purchase shares 1,267,606 $0.00 --
Grant/Award Common Stock 472,441 $0.00 --
Disposition Common Stock 300,000 $0.00 --
Holdings After Transaction: Option to purchase shares — 1,267,606 shares (Direct); Common Stock — 5,738,894 shares (Direct)
Footnotes (1)
  1. Represents restricted stock units, which will vest annually in substantially equal 25% installments on March 16 2027, March 16 2028, March 16 2029 and March 16 2030, respectively, subject to the reporting person's continued employment through the applicable vesting date. The performance stock units (PSUs) previously reported as granted on May 3, 2022 were forfeited without consideration upon determination that the applicable performance conditions were not achieved. No shares of Common Stock were issued. Represents options to purchase shares that will start vesting on March 16, 2027 and become exercisable in substantially equal 25% installments on March 16, 2027, March 16, 2028, March 16, 2029 and March 16, 2030, respectively, subject to the reporting person's continued employment through the applicable vesting date.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HARPER LISA M
(Last)(First)(Middle)
C/O TORRID HOLDINGS INC.
18501 EAST SAN JOSE AVENUE
(Street)
CITY OF INDUSTRY CALIFORNIA 91748
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Torrid Holdings Inc. [ CURV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/03/2025		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/16/2026A472,441(1)A$05,738,894D
Common Stock05/03/2025D(2)300,000(2)D$05,438,894D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option to purchase shares$1.2703/16/2026A1,267,606 (3)03/16/2036Common Stock1,267,606$01,267,606D
Explanation of Responses:
1. Represents restricted stock units, which will vest annually in substantially equal 25% installments on March 16 2027, March 16 2028, March 16 2029 and March 16 2030, respectively, subject to the reporting person's continued employment through the applicable vesting date.
2. The performance stock units (PSUs) previously reported as granted on May 3, 2022 were forfeited without consideration upon determination that the applicable performance conditions were not achieved. No shares of Common Stock were issued.
3. Represents options to purchase shares that will start vesting on March 16, 2027 and become exercisable in substantially equal 25% installments on March 16, 2027, March 16, 2028, March 16, 2029 and March 16, 2030, respectively, subject to the reporting person's continued employment through the applicable vesting date.
Remarks:
/s/ Bridgett C. Zeterberg, as Attorney-in-Fact for Lisa Harper03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Torrid (CURV) CEO Lisa Harper receive on March 16, 2026?

Lisa Harper received an option to purchase 1,267,606 Torrid shares at $1.27 per share and 472,441 restricted stock units. Both awards vest in 25% annual installments from March 16, 2027 through March 16, 2030, subject to continued employment.

How many Torrid (CURV) shares does CEO Lisa Harper hold after the latest grant?

After the March 16, 2026 stock grant, Lisa Harper directly holds 5,738,894 shares of Torrid Common Stock. This figure reflects her reported ownership immediately following the acquisition of 472,441 shares as a stock award recorded in the Form 4 filing.

What are the vesting terms of Lisa Harper’s restricted stock units at Torrid (CURV)?

The 472,441 restricted stock units granted to Lisa Harper vest in four substantially equal 25% installments. Vesting dates are March 16 of 2027, 2028, 2029, and 2030, and each tranche requires her continued employment through the applicable vesting date.

What are the key terms of Lisa Harper’s new stock options in Torrid (CURV)?

Lisa Harper’s option covers 1,267,606 Torrid shares at an exercise price of $1.27 per share, expiring in 2036. The options become exercisable in substantially equal 25% installments on March 16 of 2027, 2028, 2029, and 2030, subject to continued employment.

Why were previously granted Torrid (CURV) performance stock units forfeited?

Performance stock units granted to Lisa Harper on May 3, 2022 were forfeited because the specified performance conditions were not achieved. The filing notes they were forfeited without consideration and that no shares of Common Stock were issued in connection with this forfeiture.

What does the May 3, 2025 disposition in Lisa Harper’s Torrid (CURV) filing represent?

The May 3, 2025 entry records a disposition of 300,000 shares of Torrid Common Stock to the issuer. It is coded as a disposition to the issuer, separate from the performance stock unit forfeiture, which the footnote clarifies involved no shares being issued at all.