Form 4: Carter's Inc. EVP and CFO Richard F. Westenberger Reports Stock Transaction
SEC Form 4 Filing
Richard F. Westenberger, EVP and CFO of Carter's Inc., reports the withholding of 1,174 shares of common stock to cover tax obligations related to vesting restricted stock on February 27, 2024.
Summary
- On February 27, 2024, Richard F. Westenberger, the EVP and CFO of Carter's Inc. (CRI), had 1,174 shares of common stock withheld to satisfy tax obligations.
- This transaction occurred due to the vesting of restricted stock.
- The price per share for the transaction was $80.55.
- Following the transaction, Westenberger beneficially owns 96,487 shares of Carter's Inc. common stock.
- Some of these shares are restricted shares subject to time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative 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 withholding procedure related to vesting equity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
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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