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

Jeff Jenkins, EVP of Global Marketing at Carter's Inc., forfeited 5,492 shares of common stock due to the non-achievement of performance metrics related to awards granted in 2022.

Summary

• Jeff Jenkins, an executive at Carter's Inc., forfeited 5,492 shares of common stock on February 25, 2025.
• The forfeiture was due to the non-achievement of performance metrics associated with performance awards granted in 2022.
• Following the transaction, Jenkins directly owns 28,325 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 document is a standard regulatory filing detailing a share forfeiture. It's neutral in tone and doesn't inherently indicate positive or negative sentiment, but the forfeiture itself suggests a failure to meet performance targets.

Negatives

• An executive forfeited shares due to unmet performance metrics, which could indicate underperformance in certain areas of the company.

Risks

• The forfeiture of shares by an executive due to unmet performance metrics could signal potential issues with the company's performance or the setting of unrealistic goals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The forfeiture of shares due to unmet performance metrics is not uncommon and can be seen across various industries.

Stakeholder Impact

• Shareholders may be concerned about the unmet performance metrics that led to the share forfeiture.

Key Dates