Michael Dennis Casey - Dec 14, 2023 Form 4 Insider Report for CARTERS INC (CRI)

Signature
/s/Derek Swanson, Attorney-in-Fact
Stock symbol
CRI
Transactions as of
Dec 14, 2023
Transactions value $
-$4,630,725
Form type
4
Date filed
12/15/2023, 04:16 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 $2.05M +30K +6.67% $68.49 480K Dec 14, 2023 Direct F1
transaction CRI Common Stock Sale -$2.25M -30K -6.25% $75.00 450K Dec 14, 2023 Direct F1, F2
transaction CRI Common Stock Sale -$4.44M -59.1K -13.15% $75.00 391K Dec 14, 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 -30K -100% $0.00* 0 Dec 14, 2023 Common Stock 30K $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