Palladini Douglas C 4
Research Summary
AI-generated summary
Carters (CRI) CEO Douglas Palladini Withholds 10,957 Shares for Taxes
What Happened
Douglas C. Palladini, CEO, President and a director of Carters, had 10,957 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding is reported as a disposition at $35.91 per share for a total value of $393,466. The transaction is coded “F” (tax withholding).
Key Details
- Transaction date: 2026-04-03; Form 4 filed: 2026-04-06 (timely filing).
- Disposed (withheld) shares: 10,957 at $35.91 per share; total value reported $393,466.
- Transaction code: F — shares withheld to cover tax withholding on vested restricted stock.
- Footnotes: F1 confirms withholding to satisfy tax obligations from vesting; F2 notes some shares are subject to time-based or performance-based restrictions.
- Shares owned after transaction: not specified in the provided filing details.
Context
This was a tax-withholding event related to restricted stock vesting (not an open-market sale). Withholdings to cover taxes are routine and do not necessarily indicate a change in the insider’s view of the company.