Westenberger Richard F. 4
4 · CARTERS INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
CARTERS (CRI) CFO/COO Richard Westenberger Withholds 1,085 Shares
What Happened
Richard F. Westenberger, CFO and COO of CARTERS INC (CRI), had 1,085 shares of company stock withheld to satisfy tax withholding obligations tied to the vesting of restricted shares. The shares were valued at $35.59 each, for a total of $38,615. This was a withholding/disposition to cover taxes following vesting (not an open‑market sale intended as investment activity).
Key Details
- Transaction date: 2026-04-01; Form filed: 2026-04-02 (timely filing).
- Action code: F (shares withheld to satisfy tax withholding obligations).
- Shares involved: 1,085 at $35.59 per share; total value ≈ $38,615.
- Shares owned after the transaction: not specified in this filing.
- Footnotes: F1 confirms withholding occurred to satisfy taxes from vesting; F2 notes some of these shares are restricted and subject to time‑based or performance‑based vesting.
- No indication of a 10b5-1 plan or an open‑market sale — this is a routine tax withholding event.
Context
Withholding shares to cover taxes on vested restricted stock is a common administrative action and does not necessarily signal insider buying or selling intent. Because some of the shares remain subject to vesting conditions (time or performance), the transaction reflects tax settlement of awarded equity rather than a discretionary disposition of fully vested shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-04-01$35.59/sh−1,085$38,615→ 170,790 total
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-based vesting or performance-based restrictions.