Form 4: Carter Bankshares Director Elizabeth L. Walsh Reports Transaction

Director Elizabeth L. Walsh reports a transaction involving Carter Bankshares common stock, along with updated beneficial ownership details.

Summary

• Elizabeth L. Walsh, a director of Carter Bankshares, Inc., filed a Form 4 with the SEC.
• The report details a transaction that occurred on March 20, 2025, where 9,386 shares of common stock were disposed of.
• The shares were disposed of at a price of $0.
• Following the transaction, Walsh's direct ownership is 32,284 shares.
• Walsh also indirectly owns 4,769 shares through Carriage Square, 367,771 shares through EASG, LLC, and 16,000 shares through Lester Family Holdings.
• The filing also includes a power of attorney granted by Walsh to several individuals, authorizing them to act on her behalf in matters related to Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• Shareholders are informed about the insider's stock transactions, contributing to market transparency.

Key Dates

Keywords

Form 4, beneficial ownership, Carter Bankshares, stock transaction, director, Walsh, CARE, power of attorney, Section 16