Carter’s (NYSE: CRI) retail & digital chief receives new restricted stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carter’s Inc. executive Allison Peterson, Chief Retail & Digital Officer, reported acquiring company common stock through two equity awards. One grant covered 7,440 restricted shares, and another covered 11,160 restricted shares, both at a stated price of $0.00 per share as they are compensation awards, not open-market purchases.
Footnotes explain that some shares are time-based restricted stock that vest in four equal annual installments beginning one year from the grant date, while other shares are performance-based restricted stock that cliff vest three years from the grant date if specified performance targets are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Peterson Allison
Role
Chf. Retail & Digital Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,440 | $0.00 | -- |
| Grant/Award | Common Stock | 11,160 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,563 shares (Direct)
Footnotes (1)
- These restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date. Some of these shares are restricted shares that are subject to time-based vesting restrictions. These performance-based restricted shares cliff vest three years from the grant date based upon the achievement of certain targets. Some of these shares are restricted shares that are subject to either time-based vesting or performance-based restrictions.
FAQ
What insider transaction did Carter’s Inc. (CRI) report for Allison Peterson?
Allison Peterson reported acquiring company common stock through equity awards, not market purchases. She received separate grants of 7,440 and 11,160 restricted shares as compensation, increasing her direct holdings, subject to time-based and performance-based vesting conditions described in the footnotes.
What type of equity awards did Carter’s (CRI) grant to Allison Peterson?
Carter’s granted a mix of time-based and performance-based restricted stock. Some restricted shares vest over four years in equal annual installments, while performance-based restricted shares vest after three years, contingent on achieving defined performance targets outlined in the award terms.
What conditions affect Allison Peterson’s performance-based Carter’s (CRI) restricted shares?
Performance-based restricted shares cliff vest three years from the grant date. Vesting depends on achieving certain performance targets, so these shares only become fully owned if the company meets the specified criteria during the defined three-year performance period.