Form 4: Carter's Inc. Executive Westenberger Reports Stock Transaction
SEC Form 4 Filing
Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carter's Inc., reports disposition of shares to cover tax obligations from vesting restricted stock.
Summary
- Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carter's Inc. reported a transaction on February 16, 2025.
- The transaction involved the disposition of 768 shares of common stock to satisfy tax withholding obligations resulting from the vesting of restricted stock at a price of $52.88.
- Following the transaction, Westenberger directly owns 118,496 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: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock transaction and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of the stock transaction (disposition of shares). |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Transaction, Carter's Inc, Westenberger, CRI, Tax Withholding, Restricted Stock
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