MARTIN TIMOTHY O 4
4 · Torrid Holdings Inc. · Filed Sep 14, 2022
Insider Transaction Report
Form 4
MARTIN TIMOTHY O
See Remarks
Transactions
- Award
Common Stock
2022-09-12+150,603→ 150,603 total - Award
Common Stock
2022-09-12+181,489→ 332,092 total - Award
Option to purchase shares
2022-09-12+254,453→ 254,453 totalExercise: $6.64Exp: 2032-09-12→ Common Stock (254,453 underlying)
Footnotes (3)
- [F1]Represents restricted stock units, which will vest annually in substantially equal 25% installments on September 12, 2023, September 12, 2024, September 12, 2025 and September 12, 2026, respectively, subject to the reporting person's continued employment through the applicable vesting date.
- [F2]Represents performance stock units ("PSUs") granted on September 12, 2022 (the "Grant Date") which are subject to both service and performance vesting conditions. In this regard, the PSUs will service vest one-third on each of the first, second and third anniversary of the Grant Date, based on the reporting person's continued service through the applicable service vesting date and will performance vest in full or in part upon achievement of specified VWAP targets for any 30 consecutive trading days during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date. Upon satisfaction of such service and performance vesting conditions, the PSUs will settle one-for-one in shares of Common Stock.
- [F3]Represents options to purchase shares that will start vesting on September 12, 2023 and become exercisable in substantially equal 25% installments on September 12, 2023, September 12, 2024, September 12, 2025 and September 12, 2026, respectively, subject to the reporting person's continued employment through the applicable vesting date.