MICHAEL DENNIS CASEY - 14 Dec 2023 Form 4 Insider Report for CARTERS INC (CRI)

Role
Chairman and CEO, Director
Signature
/s/Derek Swanson, Attorney-in-Fact
Issuer symbol
CRI
Transactions as of
14 Dec 2023
Net transactions value
-$4,630,725
Form type
4
Filing time
15 Dec 2023, 16:16:42 UTC
Previous filing
28 Feb 2023
Next filing
12 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRI Common Stock Options Exercise $2,054,700 +30,000 +6.7% $68.49 479,870 14 Dec 2023 Direct F1
transaction CRI Common Stock Sale $2,250,000 -30,000 -6.3% $75.00 449,870 14 Dec 2023 Direct F1, F2
transaction CRI Common Stock Sale $4,435,425 -59,139 -13% $75.00 390,731 14 Dec 2023 Direct F1, F3

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 -30,000 -100% $0.000000* 0 14 Dec 2023 Common Stock 30,000 $68.49 Direct F4
* 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 The price reported reflects a single price point for all the 30,000 shares sold.
F3 The price reported reflects a single price point for all the 59.139 shares sold.
F4 The option vested in four equal installments on February 18, 2015, 2016, 2017, and 2018.

Remarks:

Exhibit 24 - Power of Attorney