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

Julie D'Emilio, EVP of Sales at Carter's Inc., forfeited 3,568 shares of common stock on February 25, 2025, due to the non-achievement of performance metrics related to awards granted in 2022.

Summary

• On February 25, 2025, Julie D'Emilio, EVP of Sales at Carter's Inc., forfeited 3,568 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, D'Emilio beneficially owns 41,361 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 itself is neutral, but the forfeiture of shares due to unmet performance metrics is a slightly negative signal, suggesting potential underperformance. However, it's a single transaction and doesn't necessarily reflect the overall health of the company.

Negatives

• Julie D'Emilio forfeited 3,568 shares due to unmet performance metrics, which could indicate underperformance relative to targets set by the company.

Risks

• The forfeiture of shares by an executive could be perceived negatively by investors, potentially impacting the company's stock price.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies like Carter's Inc. Performance-based awards are designed to align executive interests with shareholder value. Forfeiture of shares due to unmet performance metrics is not uncommon and reflects the accountability built into these compensation structures.

Stakeholder Impact

• Shareholders may view the forfeiture of shares as a sign that performance targets were not met, potentially leading to concerns about the company's performance.
• Employees may be affected by the news of unmet performance metrics, potentially impacting morale or future compensation expectations.

Key Dates