Carter’s (CRI) has released an update.
Carter’s, Inc. has revamped its equity incentive plan, introducing a double-trigger provision that accelerates vesting post-change in control, provided certain conditions are met, as well as a clawback clause mandating the return of compensation in case of financial misstatements. These updates, effective February 15, 2024, aim to align with more rigorous governance standards and enhance the plan’s fairness and accountability.
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