Carter’s officer reports new restricted stock awards
Carter’s Inc. executive Antonio Robinson reported several stock-based compensation changes in company common stock.
Rhea-AI Filing Summary
Carter’s Inc. executive Antonio Robinson reported several stock-based compensation changes in company common stock. On March 2, 613 shares were withheld at $34.95 per share to cover taxes from vesting restricted stock, and 2,341 shares were forfeited back to the issuer after 2023 performance targets were not fully met.
Robinson also received new equity awards: 7,440 restricted shares, 5,724 restricted shares, and 11,160 performance-based restricted shares. Some awards vest in four equal annual installments beginning one year from grant, some cliff-vest after two years, and certain performance-based shares cliff-vest after three years if specified targets are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 613 | $34.95 | $21K |
| Disposition | Common Stock | 2,341 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,440 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,724 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 11,160 | $0.00 | $0.00 |
Footnotes (6)
- F1. 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.
- F2. Some of these shares are restricted shares that are subject to either time-based vesting or performance-based restrictions.
- F3. The transaction reflected in this Form 4 reflects the forfeiture of shares relating to performance awards granted in 2023, under which the performance metrics were not fully attained.
- F4. These restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date.
- F5. These restricted shares cliff-vest on the second anniversary of the grant date.
- F6. These performance-based restricted shares cliff vest three years from the grant date based upon the achievement of certain targets.
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