Form 4: Carter Bankshares Director Kevin S. Bloomfield Reports Acquisition of Common Stock
SEC Filing
Director Kevin S. Bloomfield reports acquiring 1,827 shares of Carter Bankshares, Inc. common stock through a restricted stock award.
Summary
- Kevin S. Bloomfield, a director of Carter Bankshares, Inc., filed a Form 4 with the SEC.
- The report indicates that Bloomfield acquired 1,827 shares of common stock on January 2, 2025.
- The acquisition was a result of a restricted stock award.
- Following the transaction, Bloomfield directly owns 23,556 shares of Carter Bankshares, Inc.
- Bloomfield has also granted power of attorney to Abigail E. McGuire, Lisa J. Correll, K. Jill Milner and Jessica R. Sikes to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- Shareholders may view the director's stock acquisition as a positive sign.
Key Dates
| Date | Description |
|---|---|
| 2024-12-18 | Date of execution of Power of Attorney. |
| 2025-01-02 | Date of transaction: Acquisition of common stock. |
| 2025-01-06 | Date of signature of the report. |
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