Childrens Place authorizes shares for 250,000-share award
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Rhea-AI Filing Summary
Childrens Place, Inc. (PLCE) reported a disposition involving 239,085 shares underlying Chief Strategy Officer Umair Muhammad’s previously granted restricted stock units; the units were canceled on September 11, 2026, under his employment adjustment letter, net of shares previously withheld for taxes. On October 14, 2026, the company authorized underlying shares for a 250,000-share RSU grant, based on a $1.19 closing stock price. The award vests in two 125,000-share tranches upon market-capitalization milestones, provided Muhammad is employed on each vesting date and subject to the 2011 Equity Incentive Plan; the RSU agreement was finalized that day.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.10 per share F2 | 250,000 | $0.00 | $0.00 |
| Disposition | Common Stock, par value $0.10 per share F1 | 239,085 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents shares of Common Stock, par value $0.10 per share, of The Children's Place, Inc. (the "Company"), underlying restricted stock units previously granted under the Company's 2011 Equity Incentive Plan (the "Plan") pursuant to restricted stock unit agreements entered into on November 1, 2024 and August 20,2025, which were cancelled pursuant to Mr. Umair's employment adjustment letter, dated as of September 11, 2026, net of any shares previously withheld to pay tax liabilities on such cancelled shares. Due to administrative oversight, this Form 4 is being filed late.
- F2. Represents shares of Common Stock, par value $0.10 per share, of the Company, underlying restricted stock units granted under the Plan on September 11, 2026 and amended on October 12, 2026, which shall vest in two tranches of 125,000 shares each upon the Company's achievement of certain market capitalization milestones, provided Mr. Umair is employed by the Company on each applicable vesting date, subject to the terms and conditions of the Plan. The Company authorized the grant of the underlying shares on October 14, 2026 based on the closing stock price of $1.19, subject to the finalization of the restricted stock unit agreement, which occurred on October 14, 2026.
Key Figures
Key Terms
restricted stock units financial
market capitalization milestones financial
vest financial
2011 Equity Incentive Plan financial
FAQ
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How large was Umair Muhammad’s PLCE RSU award?
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