4/A: Carter Bankshares Director Amends Insider Trading Report for Common Stock Sale
Insider Transaction Report Amendment
A director at Carter Bankshares, Inc. amended a filing to report the sale of 4,509 shares of common stock at $16.7149 per share on June 10, 2025.
Summary
- Kevin S. Bloomfield, a Director of Carter Bankshares, Inc. (CARE), filed an amended Form 4, a Statement of Changes in Beneficial Ownership.
- The filing reports the sale of 4,509 shares of Carter Bankshares Common Stock.
- The transaction occurred on June 10, 2025, at a price of $16.7149 per share.
- Following this transaction, Mr. Bloomfield directly beneficially owns 18,047 shares of Common Stock.
- The original Form 4 was filed on June 13, 2025, and this amendment was also filed on June 13, 2025.
- The document also includes a Power of Attorney, dated December 18, 2024, authorizing specific individuals to file Section 16 reports on behalf of Kevin S. Bloomfield.
Sentiment
Score: 4
Explanation: The sale of shares by a director, while potentially for personal liquidity, can be viewed with slight caution by investors as it reduces the insider's stake in the company.
Negatives
- A director, Kevin S. Bloomfield, sold 4,509 shares of the company's common stock, which can sometimes be perceived by the market as a negative signal, although the reason for the sale is not disclosed.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Kevin S. Bloomfield, a director of Carter Bankshares, Inc., sold 4,509 shares of the company's common stock.
Stakeholder Impact
- Shareholders: May interpret the insider sale as a negative signal, potentially influencing investment decisions.
Key Dates
| Date | Description |
|---|---|
| 2024-12-18 | Date Kevin S. Bloomfield signed the Power of Attorney for Section 16 filings. |
| 2025-06-10 | Date of the reported transaction (sale of common stock). |
| 2025-06-13 | Date the original Form 4 and this amendment were filed. |
Keywords
Carter Bankshares, CARE, Insider Trading, Form 4, Director Stock Sale, Common Stock, SEC Filing, Beneficial Ownership
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