Form 4: Carters Inc. Executive Westenberger Acquires Shares as Interim CEO

Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc., reports acquisition of company stock.

Summary

• On April 1, 2025, Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc. acquired 2,436 shares of common stock.
• These shares were awarded to him on a quarterly basis for his role as interim CEO.
• The shares were acquired at a price of $0.
• Following the transaction, Westenberger beneficially owns 147,325 shares of Carters Inc. common stock.
• Some of these shares are restricted and subject to either time-vesting or performance-based restrictions.
• The restricted shares cliff vest one year from the grant date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting a transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares by the Interim CEO could be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Carters Inc.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if viewed as a sign of confidence by the Interim CEO.

Key Dates

Keywords

Form 4, Insider Trading, Beneficial Ownership, Richard Westenberger, Carters Inc., CRI, Interim CEO, Stock Acquisition