Form 4: Carter's Inc. Executive Kendra Krugman Reports Stock Award and Tax Withholding

Kendra Krugman, SEVP, Chief Creative & Growth Officer of Carter's Inc., reports the acquisition of restricted stock and subsequent withholding of shares to cover tax obligations.

Summary

• On February 26, 2025, Kendra Krugman acquired 23,632 shares of Carter's Inc. common stock as a restricted stock award.
• These restricted shares vest in four equal annual installments starting one year from the grant date.
• On February 27, 2025, 605 shares were withheld at a price of $42.15 to satisfy tax obligations related to the vesting of restricted stock.
• Following these transactions, Krugman directly owns 88,857 shares of Carter's Inc. common stock, some of which are subject to time-vesting or performance-based restrictions.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors to gauge management's sentiment and alignment with shareholder interests.

Stakeholder Impact

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

Key Dates