Childrens Place, Inc. (PLCE) Form 8-K — Aug 14, 2026
Mithaq Capital SPC, the controlling shareholder of The Children's Place, agreed on August 11, 2026 to transfer 500,000 restricted shares of the company's common stock to Muhammad Asif Seemab, who serves as Vice Chairman, President and Interim CEO. The Children's Place itself is not a party to the Restricted Stock Transfer Agreement. The shares vest in three equal tranches only if the company's market capitalization, measured on a 45-day volume-weighted average price, reaches $265 million, $400 million and $600 million, respectively. Any shares not vested within five years, or upon termination of Seemab's employment, are forfeited back to Mithaq.
Key figures
- Par Value Per Share
- $0.10
- Forfeiture Horizon
- 5 years
- Tranche Share Counts
- [166667,166667,166666]
- Vwap Measurement Window
- 45 trading days
- Tranche1 Market Cap Milestone
- $265 million
- Tranche2 Market Cap Milestone
- $400 million
- Tranche3 Market Cap Milestone
- $600 million
- Restricted Shares Transferred
- 500000
Price after filing
Close on the filing date to close N calendar days later (from $2.44). Historical, not a forecast.
AI analysis
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