Form 4: Carter's Inc. Executive Westenberger Reports Stock Transaction

Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carter's Inc., reports a transaction involving the withholding of common stock to cover tax obligations from vesting restricted stock.

Summary

• On February 28, 2025, Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carter's Inc. (CRI), reported a transaction involving common stock.
• The transaction involved the withholding of 1,024 shares of common stock at a price of $41.27 to satisfy tax withholding obligations resulting from the vesting of restricted stock.
• Following the transaction, Westenberger directly owns 144,889 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 is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, which is common for corporate executives who have transactions involving their company's stock. It provides transparency into insider transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates