Form 4: Carter's Inc. Executive Vice President Karen Marie Smith Reports Stock Transaction
SEC Form 4 Filing
Karen Marie Smith, EVP of Supply Chain at Carter's Inc., reports the disposal of 646 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On February 27, 2024, Karen Marie Smith, EVP of Supply Chain at Carter's Inc. (CRI), disposed of 646 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations resulting from the vesting of restricted stock.
- The price per share was $80.55.
- Following the transaction, Smith directly owns 19,155 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: This Form 4 filing is a neutral event, simply reporting a routine stock transaction for tax purposes. It doesn't indicate positive or negative sentiment towards the company.
Industry Context
This is a routine disclosure of an insider stock transaction, which is common for executives receiving stock-based compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the stock transaction (disposal of shares). |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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