Courtois Andrea K. 4
Research Summary
AI-generated summary
Brand House Collective (TBHC) CFO Andrea Courtois Receives Award
What Happened
- Andrea K. Courtois, Chief Financial Officer of Brand House Collective (TBHC), had 100,000 restricted stock units (RSUs) vest on April 2, 2026 in connection with the company’s merger. To satisfy tax withholding, 29,650 shares were withheld (reported as code F) at $0.94 per share for a reported withholding value of $27,868. The filing also reports a disposition to the issuer of 70,350 shares (code D) related to the vesting/merger settlement rather than an open‑market sale.
Key Details
- Transaction date: April 2, 2026; Form filed April 3, 2026.
- Codes reported: F (shares withheld for tax) — 29,650 shares @ $0.94 ($27,868); D (disposition to issuer) — 70,350 shares (no per‑share price shown).
- Shares owned after the transaction: Not specified in the Form 4 provided.
- Footnotes: Filing notes that the 100,000 RSUs vested at the merger effective time; each Company RSU converted into the right to receive Parent (Bed Bath & Beyond) common stock per the Merger Agreement. The Exchange Ratio was 0.1993 Parent shares per Company share; cash was to be paid in lieu of any fractional Parent shares.
- Timeliness: Filing was submitted the day after the transaction date; no late filing flag indicated.
Context
- This activity reflects RSU vesting and merger-related settlement mechanics (including share withholding for taxes and conversion under the merger), not an open-market sale or buying decision. Code F indicates tax‑withholding via share surrender; code D indicates shares surrendered/disposed to the issuer under the transaction. Because the action is merger/award-related, it should not be interpreted as an independent bullish or bearish trade by the insider.