Form 4: Carters Inc. Executive Westenberger Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc., reports acquisition of shares and disposal of shares to cover tax obligations.
Summary
- Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc. reported transactions involving the company's common stock.
- On February 26, 2025, Westenberger acquired 35,448 shares of common stock at $0.
- Westenberger directly owns 147,084 shares.
- On February 27, 2025, Westenberger disposed of 1,171 shares at $42.15 to cover tax obligations related to vesting restricted stock.
- Following the transaction, Westenberger directly owns 145,913 shares.
- Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing reporting stock transactions. The transactions themselves don't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The disposal of shares to cover tax obligations has a neutral impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Acquisition of 35,448 shares of common stock. |
| 02/27/2025 | Disposal of 1,171 shares of common stock to cover tax obligations. |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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