Form 4: Carter Bankshares Director Gregory W. Feldmann Acquires Restricted Stock

Director Gregory W. Feldmann of Carter Bankshares, Inc. acquired 1,827 shares of restricted stock on January 2, 2025, as part of a compensation plan.

Summary

• Gregory W. Feldmann, a director at Carter Bankshares, Inc., acquired 1,827 shares of common stock on January 2, 2025.
• The shares were awarded as restricted stock with a one-year vesting period.
• The transaction was reported on a Form 4 filing with the SEC.
• Feldmann also granted power of attorney to several individuals to handle SEC filings on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a stock grant to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted stock aligns the director's interests with the company's performance.
• The vesting period encourages long-term commitment from the director.

Industry Context

This type of stock award is a common practice in corporate governance to incentivize directors and align their interests with shareholders.

Comparison to Industry Standards

• Restricted stock awards are a standard form of compensation for directors in the financial services industry.
• Many comparable companies use similar vesting schedules to encourage long-term commitment from their board members.
• The use of a power of attorney for SEC filings is also a common practice for directors and officers.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders.
• The vesting period encourages long-term commitment from the director, which can benefit the company.

Key Dates

Keywords

Carter Bankshares, Gregory W. Feldmann, restricted stock, Form 4, SEC filing, director, stock acquisition, vesting, power of attorney