Carter’s CFO logs tax share withholding
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.
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
Exercise Price or Tax Liability: 3,948 shares
Exercise Price or Tax Liability
1 txn
Insider
Westenberger Richard F.
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,948 | $42.07 | $166K |
Holdings After Transaction:
Common Stock — 139,461 shares (Direct)
Footnotes (2)
- 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-vesting or performance-based restrictions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.