other
confidence high
sentiment neutral
materiality 0.20
Carter's amends equity plan with double-trigger vesting and clawback provision
CARTERS INC
- Board approved amended equity plan effective Feb 15, 2024; applies to grants on or after that date.
- Double-trigger accelerates vesting if no qualifying replacement awards or termination within 2 years post-change-in-control.
- Mandatory clawback added for erroneously awarded compensation due to accounting restatements per Rule 10D-1 and NYSE rules.
- No other changes; share pool and individual award limits unchanged.