Form 4: CFO Richard Westenberger Sells Carter's Shares for Taxes

Carter's CFO and COO Richard Westenberger disposed of 1,085 shares to satisfy tax obligations related to restricted stock vesting.

Summary

• Richard F. Westenberger, CFO and COO of Carter's Inc., executed a transaction on April 1, 2026.
• The transaction involved the disposal of 1,085 shares of common stock at a price of $35.59 per share.
• The disposal was conducted to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following this transaction, the reporting person maintains a beneficial ownership of 170,790 shares of Carter's common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the share disposal was purely administrative to satisfy tax requirements and does not reflect a change in management sentiment.

Positives

• The transaction was a mandatory tax withholding event rather than a discretionary open-market sale, indicating no change in the executive's long-term confidence in the company.

Negatives

• Reduction in the total number of shares held directly by the CFO.

Risks

• The filing notes that a portion of the remaining 170,790 shares are subject to time-based or performance-based vesting restrictions, which could impact future liquidity for the executive.

Future Outlook

No forward-looking guidance or strategic outlook was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that this is a routine administrative filing common in the retail apparel sector, where executive compensation packages frequently include restricted stock grants that trigger automatic tax withholding upon vesting.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for executive equity compensation management.
• The use of 'sell-to-cover' for tax obligations is a standard industry practice for publicly traded companies like Carter's.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a routine tax-related withholding.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Carter's, CRI, Insider Trading, Form 4, Executive Compensation, Tax Withholding