Form 4: Carter's Inc. Executive Ben Pivar Reports Stock Transaction
SEC Form 4 Filing
Ben Pivar, SVP and CIO of Carter's Inc., reports the disposal of 417 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On February 27, 2024, Ben Pivar, SVP and CIO of Carter's Inc., disposed of 417 shares of common stock.
- The transaction was executed at a price of $80.55 per share.
- The disposal was to satisfy tax withholding obligations resulting from the vesting of restricted stock.
- Following the transaction, Pivar beneficially owns 15,664 shares of Carter's Inc. common stock, some of which are restricted shares subject to time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or outlook.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment towards the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock transaction (disposal of shares). |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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