Form 4: Carter's Inc. Executive Karen Marie Smith Reports Acquisition of Restricted Stock

EVP Supply Chain, Karen Marie Smith, reports acquisition of restricted shares in Carter's Inc. through grants, increasing her beneficial ownership.

Summary

• Karen Marie Smith, EVP Supply Chain at Carter's Inc., filed a Form 4 on March 1, 2024, reporting transactions from February 28, 2024.
• Smith acquired 3,968 shares of common stock through a grant of restricted shares that vest in four equal annual installments.
• She also acquired 3,968 performance-based restricted shares that cliff vest three years from the grant date based on achieving certain targets.
• Following these transactions, Smith beneficially owns 27,091 shares of Carter's Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of restricted stock and performance-based restricted stock aligns the executive's interests with the long-term performance of the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates