Form 4: Carter Bankshares Director Acquires Shares Through Restricted Stock Award

Director James W. Haskins acquired 1,827 shares of Carter Bankshares, Inc. common stock through a restricted stock award.

Summary

• James W. Haskins, a director at Carter Bankshares, Inc., acquired 1,827 shares of common stock on January 2, 2025.
• The acquisition was a result of a restricted stock award with a 1-year vesting period.
• The shares were acquired at a price of $0.
• Following the transaction, Mr. Haskins beneficially owns 63,900 shares directly and 1,751 shares indirectly through his spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation practices of the company and the alignment of interests between management and shareholders.

Comparison to Industry Standards

• Stock awards are a common form of compensation for directors and executives in publicly traded companies.
• The vesting period of one year is also a standard practice to incentivize long-term performance and retention.
• Similar filings are made by directors and officers of comparable financial institutions such as Truist Financial Corporation and Bank of America.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Carter Bankshares, Director, James W. Haskins, Stock Acquisition, Restricted Stock, Beneficial Ownership, Form 4, SEC Filing