Children’s Place controlling shareholder grants interim CEO Seemab 500,000 restricted shares tied to market-cap targets
PLCE•Company not a party to the agreement
The company is not a party to the agreement; Mithaq is the controlling shareholder.
Mithaq Capital grant to Muhammad Asif Seemab
Mithaq Capital agreed on Aug. 11, 2026 to transfer 500,000 restricted shares to Vice Chairman Muhammad Asif Seemab.
Vesting tied to market capitalization targets
Shares vest in three equal tranches if market capitalization reaches $265 million, $400 million, and $600 million on a 45-day VWAP basis.
Vesting requires continued employment; unvested shares are forfeited to Mithaq on the fifth anniversary.
