Form 4: Carter Bankshares Director Edward Matthews Retires, Discloses Shareholdings
Insider Transaction Report
Edward Warren Matthews, a director at Carter Bankshares, Inc., has retired from his position effective May 28, 2025, and reported his beneficial ownership of 18,611 shares of common stock.
Summary
- Edward Warren Matthews, a director of Carter Bankshares, Inc. (CARE), has filed a Form 4, indicating changes in his beneficial ownership.
- The filing confirms Mr. Matthews' retirement as a director, which became effective on May 28, 2025.
- Following his retirement, Mr. Matthews beneficially owns 18,611 shares of Carter Bankshares Common Stock directly.
- An accompanying Power of Attorney, dated December 18, 2024, authorizes specific individuals to handle Mr. Matthews' Section 16 filings with the SEC.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of a director's retirement and current shareholdings, which typically has no direct positive or negative impact on company sentiment.
Future Outlook
N/A
Management Comments
- Mr. Matthews retired as a director on 5/28/2025.
Industry Context
This Form 4 filing is a routine disclosure of an insider's change in status and beneficial ownership, specific to Carter Bankshares, Inc., and does not provide broader industry context or trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Edward Warren Matthews | N/A | 05/28/2025 | Retirement |
Stakeholder Impact
- Shareholders: Disclosure of a director's retirement and their remaining shareholding provides transparency regarding insider ownership changes.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date E. Warren Matthews granted Power of Attorney for SEC filings. |
| 05/28/2025 | Effective date of Edward Warren Matthews' retirement as a director of Carter Bankshares, Inc. |
| 05/29/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Carter Bankshares, CARE, Form 4, SEC filing, insider ownership, director retirement, stock ownership, Edward Warren Matthews
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