Carter’s (CRI) CFO Westenberger reports tax withholding of 3,948 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carter’s Inc. executive Richard F. Westenberger, the CFO & COO, reported a Form 4 transaction where 3,948 shares of common stock were withheld at $42.07 per share to cover tax obligations from vesting restricted stock. After this tax-withholding disposition, he holds 139,461 shares, some still subject to time- or performance-based restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Westenberger Richard F.
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,948 | $42.07 | $166K |
Holdings After Transaction:
Common Stock — 139,461 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 transaction did Carter’s (CRI) CFO Richard Westenberger report?
Carter’s CFO & COO Richard Westenberger reported a tax-withholding disposition of 3,948 shares of common stock. The shares were withheld to satisfy tax obligations triggered by the vesting of restricted stock, rather than an open-market sale of his existing holdings.
Was Richard Westenberger’s Carter’s (CRI) Form 4 an open-market stock sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld to cover tax obligations related to vesting restricted stock, which is an administrative transaction rather than a discretionary decision to sell shares on the market.