Form 4: Carter's Inc. Executive Brian Lynch Reports Stock Transaction
SEC Form 4 Filing
Brian Lynch, President & COO of Carter's Inc., reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On February 27, 2024, Brian Lynch, President & COO of Carter's Inc., had a transaction involving the company's common stock.
- 1,893 shares were withheld to satisfy tax obligations resulting from the vesting of restricted stock at a price of $80.55.
- Following the transaction, Lynch beneficially owns 86,641 shares of Carter's Inc. common stock.
- Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey 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 the vesting of restricted stock and the subsequent withholding of shares to cover tax obligations, a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of share ownership 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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