Form 4: Carters Inc. Executive Westenberger Reports Stock Transaction

Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc., reports disposition of shares to cover tax obligations from vesting restricted stock.

Summary

• On February 10, 2025, Richard F. Westenberger, Interim CEO, SEVP, CFO & COO of Carters Inc. (CRI), reported a transaction involving Carters Inc. common stock.
• The transaction involved the disposition of 1,255 shares to satisfy tax withholding obligations resulting from the vesting of restricted stock at a price of $52.21.
• Following the transaction, Westenberger directly owns 119,264 shares of Carters Inc. common stock, some of which are restricted shares subject to time-vesting or performance-based restrictions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Insider Trading, Stock Transaction, Richard F. Westenberger, Carters Inc., CRI, Executive Compensation, Restricted Stock, Tax Withholding