Carter’s (CRI) CEO has 10,957 shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carter’s Inc. CEO & President Douglas C. Palladini reported a tax-related share disposition. On this Form 4, 10,957 shares of Carter’s common stock were withheld at $35.91 per share to cover tax withholding obligations triggered by the vesting of restricted stock. After this withholding, Palladini directly holds 343,211 shares, some of which remain subject to time-based or performance-based restrictions. This event reflects a compensation-related tax payment rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Palladini Douglas C
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,957 | $35.91 | $393K |
Holdings After Transaction:
Common Stock — 343,211 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-based vesting or performance-based restrictions.
Key Figures
Shares withheld for taxes: 10,957 shares
Withholding price: $35.91 per share
Shares held after transaction: 343,211 shares
3 metrics
Shares withheld for taxes
10,957 shares
Tax-withholding disposition on Carter’s common stock
Withholding price
$35.91 per share
Value used for tax-withholding shares
Shares held after transaction
343,211 shares
Direct holdings of CEO after tax withholding
Key Terms
restricted stock, tax withholding obligations, time-based vesting, performance-based restrictions
4 terms
restricted stock financial
"resulting from the vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"to satisfy tax withholding obligations resulting from the vesting"
time-based vesting financial
"subject to either time-based vesting or performance-based restrictions"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
performance-based restrictions financial
"subject to either time-based vesting or performance-based restrictions"
FAQ
What insider transaction did Carter’s (CRI) CEO Douglas Palladini report?
Douglas Palladini reported a tax-related disposition where 10,957 Carter’s common shares were withheld. The shares covered tax obligations arising from the vesting of restricted stock, so this was part of compensation mechanics rather than a voluntary open-market sale.
Was the Carter’s (CRI) CEO’s Form 4 transaction an open-market sale?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations from vesting restricted stock, a common administrative step in equity compensation programs.