Childrens Place, Inc. (PLCE) Form SCHEDULE 13D/A — Aug 14, 2026
A Schedule 13D/A filed August 14, 2026 discloses that Mithaq Capital SPC transferred 500,000 restricted shares of The Children's Place common stock to Muhammad Asif Seemab, the company's Executive Vice-Chairman, President and Interim Chief Executive Officer, under a Restricted Stock Transfer Agreement effective August 11, 2026. The shares vest in three tranches of roughly 166,667 shares each only when company market capitalization milestones are met, measured as shares outstanding times the 45-day volume-weighted average price on NASDAQ; unvested shares are forfeited if Seemab's employment ends or if the milestones are not achieved by the fifth anniversary of the agreement.
Key figures
- Vesting Metric
- market capitalization milestones measured as total shares outstanding multiplied by 45-day VWAP on NASDAQ
- Expiration Term
- unvested shares forfeited on the 5th anniversary of the agreement
- Tranche1 Shares
- 166667
- Tranche2 Shares
- 166667
- Tranche3 Shares
- 166666
- Par Value Per Share
- 0.1
- Amount Paid Per Share
- 0
- Restricted Shares Transferred
- 500000
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