Form 4: Carter's Inc. Executive Forfeits Shares Due to Unattained Performance Metrics

Kendra Krugman, SEVP, Chief Creative & Growth Officer of Carter's Inc., forfeited 5,492 shares of common stock due to the non-achievement of performance metrics related to performance awards granted in 2022.

Summary

• On February 25, 2025, Kendra Krugman, SEVP, Chief Creative & Growth Officer of Carter's Inc., forfeited 5,492 shares of common stock.
• The forfeiture was due to the non-achievement of performance metrics associated with performance awards granted in 2022.
• Following the transaction, Krugman beneficially owns 65,830 shares of Carter's Inc. common stock, some of which are restricted shares subject to time-vesting or performance-based restrictions.

Sentiment

Score: 4

Explanation: The document indicates a failure to meet performance metrics, leading to share forfeiture, which is a negative signal, but it's a standard regulatory filing, so the impact is moderate.

Negatives

• Kendra Krugman forfeited 5,492 shares due to unmet performance metrics.

Risks

• The forfeiture of shares by a key executive due to unmet performance metrics could signal potential concerns about the company's performance or the achievability of its goals.

Industry Context

Executive compensation and share forfeiture are common practices in publicly traded companies, often tied to performance metrics to align executive interests with shareholder value. The forfeiture of shares indicates that certain performance targets were not achieved, which can be a point of interest for investors.

Stakeholder Impact

• Shareholders may be concerned about the unmet performance metrics that led to the share forfeiture.
• Employees may be affected by the company's performance and the implications for future compensation and incentives.

Key Dates