Form 4: Carter Bankshares Director Receives Stock Award
Insider Transaction
Gregory W. Feldmann, a Director at Carter Bankshares, Inc., was granted 1,802 shares of common stock as a restricted stock award with a one-year vesting period.
Summary
- Director Gregory W. Feldmann of Carter Bankshares, Inc. (CARE) received an award of 1,802 shares of common stock.
- The transaction date for this acquisition was January 2, 2026.
- The shares were acquired at a price of $0, indicating a restricted stock award.
- These shares are subject to a one-year vesting period.
- Following this transaction, Mr. Feldmann beneficially owns 17,201 shares of common stock directly.
Sentiment
Score: 7
Explanation: The filing reports a standard restricted stock award to a director, which is a positive for aligning interests but not a major market-moving event. It reflects routine compensation practices.
Positives
- Director Gregory W. Feldmann received 1,802 shares of common stock, aligning his interests with shareholders.
- The award is a restricted stock grant, a common form of executive compensation.
Future Outlook
The restricted stock award is subject to a one-year vesting period, indicating future ownership is contingent on continued service.
Industry Context
This transaction represents a routine insider equity grant, common in the banking sector and other industries, designed to incentivize and retain key management and directors by aligning their interests with long-term shareholder value.
Comparison to Industry Standards
- Restricted stock awards with vesting periods are a standard component of director compensation across publicly traded companies, including those in the financial services industry.
- The grant of 1,802 shares to a director is a typical size for such awards, comparable to similar grants observed at regional banks like Atlantic Union Bankshares (AUB) or Old National Bancorp (ONB), which use equity compensation to foster long-term commitment and performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Director Gregory W. Feldmann granted a Power of Attorney to several individuals to prepare, execute, and file Section 16 reports with the SEC on his behalf. | December 18, 2024 | Streamlines compliance with Section 16 reporting requirements for the director, ensuring timely and accurate filings. |
Related Party Transactions
- Director Gregory W. Feldmann received a restricted stock award from Carter Bankshares, Inc., which is a transaction between a company and a related party (director).
Stakeholder Impact
- Shareholders: The award aligns the director's interests with shareholders, potentially encouraging long-term value creation.
- Employees: No direct impact on general employees is indicated by this filing.
Next Steps
- The 1,802 restricted stock shares will vest after one year from the transaction date of January 2, 2026.
Key Dates
| Date | Description |
|---|---|
| December 18, 2024 | Gregory W. Feldmann executed a Section 16 Power of Attorney. |
| January 2, 2026 | Date of transaction for the restricted stock award. |
| January 5, 2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Carter Bankshares, CARE, Form 4, Insider Transaction, Stock Award, Restricted Stock, Director Compensation, Gregory W. Feldmann, Equity Grant
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