Carter's (CRI) officer reports restricted stock tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carter's Inc. executive Antonio Robinson reported two small share dispositions related to tax withholding on vested restricted stock, not open-market sales. On February 28, 374 common shares were withheld at $33.55 per share, and on February 27, 414 shares were withheld at the same price.
These transactions satisfied tax obligations triggered by restricted stock vesting, as described in the footnotes. After these withholdings, Robinson directly owned 35,795 shares of Carter's common stock, some of which remain subject to time- or performance-based restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Robinson Antonio
Role
Chf Admin & Comp Ofc Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 374 | $33.55 | $13K |
| Tax Withholding | Common Stock | 414 | $33.55 | $14K |
Holdings After Transaction:
Common Stock — 35,795 shares (Direct)
Footnotes (1)
- The transaction reported in this Form 4 reflects withholding of shares of common stock to satisfy tax withholding obligations resulting from the vesting of restricted stock. Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
FAQ
What insider transactions did Carter's (CRI) executive Antonio Robinson report?
Antonio Robinson reported two small share dispositions tied to tax withholding on vested restricted stock. On February 27 and 28, a total of 788 Carter's common shares were withheld, rather than sold on the open market, to cover tax obligations from vesting awards.
Were Antonio Robinson’s Carter's (CRI) Form 4 transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. Shares were withheld by the company to satisfy tax obligations arising from the vesting of restricted stock, according to the filing footnotes, rather than actively sold by Robinson in the market.