Form 4: Carter's Inc. CEO Michael Casey Reports Stock Transaction
SEC Form 4 Filing
Michael Casey, Chairman and CEO of Carter's Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 27, 2024, Michael Dennis Casey, Chairman and CEO of Carter's Inc., reported a transaction involving common stock.
- 4,920 shares of common stock were withheld to satisfy tax obligations resulting from the vesting of restricted stock at a price of $80.55.
- Following the transaction, Casey directly owns 371,323 shares of Carter's Inc.
- Some of these shares are restricted shares subject to time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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