Stock grants and forfeitures for Carter’s (NYSE: CRI) executive Robinson
Filing Impact
Filing Sentiment
Form Type
4
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
5 transactions reported
Mixed
5 txns
Insider
Robinson Antonio
Role
Chf Admin & Comp Ofc Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 613 | $34.95 | $21K |
| Disposition | Common Stock | 2,341 | $0.00 | -- |
| Grant/Award | Common Stock | 7,440 | $0.00 | -- |
| Grant/Award | Common Stock | 5,724 | $0.00 | -- |
| Grant/Award | Common Stock | 11,160 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,182 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-based vesting or performance-based restrictions. 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. These restricted shares are subject to restrictions that lapse in four equal annual installments beginning one year from the grant date. These restricted shares cliff-vest on the second anniversary of the grant date. These performance-based restricted shares cliff vest three years from the grant date based upon the achievement of certain targets.
FAQ
What insider transactions did Carter’s (CRI) executive Antonio Robinson report?
Antonio Robinson reported tax-related share withholding, forfeiture of performance-based shares, and multiple new restricted stock and performance-based awards. The activity reflects routine stock-based compensation adjustments rather than open-market buying or selling of Carter’s common shares.
What new stock awards did Antonio Robinson receive from Carter’s (CRI)?
Robinson received three new equity awards in Carter’s common stock: 7,440 restricted shares, 5,724 restricted shares, and 11,160 performance-based restricted shares. These grants form part of his compensation and are subject to time-based or performance-based vesting conditions over future years.
Were Antonio Robinson’s Carter’s (CRI) transactions open-market buys or sells?
No, the filing shows no open-market buys or sells. Reported dispositions were share withholding to cover taxes and forfeiture of unearned performance awards, while acquisitions were grants of restricted and performance-based shares at a stated price of zero per share.