Brian Lynch - Nov 2, 2023 Form 4 Insider Report for CARTERS INC (CRI)

Signature
/s/Derek Swanson, Attorney-in-Fact
Stock symbol
CRI
Transactions as of
Nov 2, 2023
Transactions value $
-$845,229
Form type
4
Date filed
11/3/2023, 04:21 PM
Previous filing
Feb 28, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRI Common Stock Options Exercise $281K +4.1K +3.73% $68.49 114K Nov 2, 2023 Direct F1
transaction CRI Common Stock Sale -$282K -4.1K -3.6% $68.78 110K Nov 2, 2023 Direct F1, F2
transaction CRI Common Stock Options Exercise $233K +3.4K +3.09% $68.49 113K Nov 3, 2023 Direct F1
transaction CRI Common Stock Sale -$236K -3.4K -3% $69.29 110K Nov 3, 2023 Direct F1, F3
transaction CRI Common Stock Sale -$841K -12K -10.92% $70.11 97.9K Nov 3, 2023 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRI Employee Stock Option (Right to Purchase) Options Exercise $0 -4.1K -54.67% $0.00 3.4K Nov 2, 2023 Common Stock 4.1K $68.49 Direct F5
transaction CRI Employee Stock Option (Right to Purchase) Options Exercise $0 -3.4K -100% $0.00* 0 Nov 3, 2023 Common Stock 3.4K $68.49 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Some of these shares are restricted shares that are subject to either time-vesting or performance-based restrictions.
F2 This is a weighted average price. The shares were sold in multiple trade executions at prices ranging from $68.75 to $68.85, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F3 This is a weighted average price. The shares were sold in multiple trade executions at prices ranging from $69.07. to $69.62, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F4 This is a weighted average price. The shares were sold in multiple trade executions at prices ranging from $70.00 to $70.26, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F5 The option vested in four equal installments on February 18, 2015, 2016, 2017, and 2018.

Remarks:

Exhibit 24 - Power of Attorney