Carter’s (NYSE: CRI) CEO receives time- and performance-based stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
John Sharon Price reported acquisition or exercise transactions in this Form 4 filing.
Carter’s Inc. CEO & President John Sharon Price received two equity grants of common stock as compensation. One grant covers 93,302 time-based restricted shares that vest in four equal annual installments on March 2, 2027, 2028, 2029, and 2030 under an offer letter dated April 27, 2026. A second grant covers 62,204 performance-based restricted shares that cliff vest after the Compensation & Human Capital Committee certifies achievement of specified fiscal 2026–2028 performance metrics, expected in early 2029 if those goals are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
John Sharon Price
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 62,204 | $0.00 | -- |
| Grant/Award | Common Stock | 93,302 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 62,204 shares (Direct, null)
Footnotes (1)
- These time-based restricted shares vest in four equal annual installments on March 2, 2027, March 2, 2028, March 2, 2029, and March 2, 2030, as required under that certain Offer Letter, dated April 27, 2026, entered into between Ms. John and the Company. These performance-based restricted shares cliff vest in connection with the Compensation & Human Capital Committee's certification of the achievement of certain fiscal 2026 through 2028 performance metrics, expected to occur in early 2029 if those performance metrics are met.
Key Figures
Time-based restricted shares granted: 93,302 shares
Performance-based restricted shares granted: 62,204 shares
Shares held after time-based grant entry: 155,506 shares
+5 more
8 metrics
Time-based restricted shares granted
93,302 shares
Common Stock grant to CEO on June 15, 2026
Performance-based restricted shares granted
62,204 shares
Common Stock grant to CEO on June 15, 2026
Shares held after time-based grant entry
155,506 shares
Total common shares following time-based grant entry
Shares held after performance-based grant entry
62,204 shares
Total common shares following performance-based grant entry
Vesting schedule for time-based shares
4 equal annual installments
Vesting on March 2, 2027–2030 under offer letter
Performance period for performance-based shares
Fiscal 2026–2028
Metrics certified by Compensation & Human Capital Committee
Expected certification timing
Early 2029
For performance-based restricted share cliff vesting
Grant price per share
$0.0000 per share
Stated price for both restricted stock grants
Key Terms
time-based restricted shares, performance-based restricted shares, cliff vest, Compensation & Human Capital Committee, +1 more
5 terms
cliff vest financial
"performance-based restricted shares cliff vest in connection with the Compensation"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
Compensation & Human Capital Committee financial
"in connection with the Compensation & Human Capital Committee's certification"
Offer Letter financial
"as required under that certain Offer Letter, dated April 27, 2026"
FAQ
What insider transaction did Carter's (CRI) report for CEO John Sharon Price?
Carter’s reported that CEO & President John Sharon Price received two grants of common stock as equity compensation: 93,302 time-based restricted shares and 62,204 performance-based restricted shares, both awarded at no cash cost to the executive.
Did Carter's (CRI) CEO pay cash for these restricted stock awards?
No cash changed hands in the grants. Both the 93,302 time-based restricted shares and the 62,204 performance-based restricted shares were awarded at a stated price of $0.0000 per share, reflecting compensation rather than open-market purchases.
Are Carter's (CRI) CEO restricted stock awards subject to board oversight?
Yes. The performance-based restricted shares vest only after the Compensation & Human Capital Committee certifies that specified fiscal 2026–2028 performance metrics were achieved, highlighting direct committee oversight of the award’s vesting conditions.