Form 4: Carter's Inc. Executive Westenberger Donates Shares to University of Notre Dame
SEC Filing
Richard F. Westenberger, SEVP, CFO & COO of Carter's Inc., reports a gift of 150 shares of common stock to the University of Notre Dame on August 16, 2024.
Summary
- On August 16, 2024, Richard F. Westenberger, the SEVP, CFO & COO of Carter's Inc. (CRI), gifted 150 shares of common stock to the University of Notre Dame.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Westenberger directly owns 114,641 shares of Carter's Inc.
- Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a gift of shares. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock gifts are not uncommon and can be motivated by personal philanthropy or tax planning strategies. The impact on the company is generally minimal unless the executive is selling a significant portion of their holdings.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of the gift transaction of Carter's Inc. shares. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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