Form 4: Carter's Inc. SVP, CIO Ben Pivar Reports Changes in Beneficial Ownership

Ben Pivar, SVP and CIO of Carter's Inc., reports acquisition of common stock through restricted share grants.

Summary

• On February 28, 2024, Ben Pivar, SVP and CIO of Carter's Inc., reported changes in beneficial ownership of the company's common stock.
• Pivar acquired 3,356 shares of common stock through restricted share grants.
• These restricted shares vest in four equal annual installments starting one year from the grant date.
• Additionally, Pivar acquired another 3,356 shares of performance-based restricted stock that cliff vest three years from the grant date upon achievement of certain targets.
• Following these transactions, Pivar beneficially owns 22,376 shares of Carter's Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting stock transactions. The acquisition of shares by an executive is generally viewed as a slightly positive signal.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates