Form 4: Carter's Inc. Executive Acquires Shares Through Restricted Stock Grants

Jeff Jenkins, EVP Global Marketing at Carter's Inc., reports acquisition of common stock through restricted share grants.

Summary

• On February 28, 2024, Jeff Jenkins, EVP Global Marketing at Carter's Inc., acquired 3,968 shares of common stock.
• These shares were acquired through restricted stock grants at a price of $0.
• Following the transaction, Jenkins directly owns 32,265 shares of common stock, some of which are restricted shares subject to time-vesting or performance-based restrictions.
• Additionally, Jenkins acquired another 3,968 performance-based restricted shares, increasing his direct ownership to 36,233 shares.
• These performance-based restricted shares cliff vest three years from the grant date based upon the achievement of certain targets.
• The restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by an executive is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by an executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Executive stock ownership is a common practice in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock grants as a long-term incentive.
• Companies like Gap Inc. (GPS) and Children's Place (PLCE) also utilize restricted stock grants as part of their executive compensation plans.
• The vesting schedules and performance metrics associated with these grants vary across companies and are tailored to specific business objectives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates