Form 4: Carter Bankshares Director Receives Stock Award
Insider Transaction Report
Carter Bankshares Director James W. Haskins was granted 1,802 shares of common stock as a restricted award, vesting in one year.
Summary
- Director James W. Haskins received a restricted stock award of 1,802 shares of Carter Bankshares, Inc. common stock.
- The award vests in one year from the transaction date.
- Following this transaction, Haskins directly beneficially owns 63,702 shares of common stock.
- An additional 1,751 shares are indirectly beneficially owned by his spouse.
- The transaction date for the award was January 2, 2026.
Sentiment
Score: 7
Explanation: The filing reports a routine restricted stock award to a director, which is a positive for the individual and aligns their interests with shareholders, indicating ongoing compensation and commitment.
Positives
- Director James W. Haskins received a restricted stock award of 1,802 shares, aligning his interests with long-term shareholder value.
Future Outlook
The restricted stock award granted to Director James W. Haskins will vest in one year from the transaction date of January 2, 2026.
Industry Context
This filing details an individual insider transaction and does not provide broader industry context.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative | Director James W. Haskins granted Power of Attorney to designated individuals (Abigail E. McGuire, Lisa J. Correll, K. Jill Milner, and Jessica R. Sikes) for the purpose of preparing and filing Section 16 reports with the SEC. | 2024-12-18 | Streamlines the process for filing required insider transaction reports, ensuring compliance with SEC regulations. |
Related Party Transactions
- Director James W. Haskins received a restricted stock award from Carter Bankshares, Inc.
- An additional 1,751 shares are indirectly beneficially owned by his spouse.
Stakeholder Impact
- Shareholders: The issuance of restricted stock awards can lead to minor dilution, but also aligns the interests of the director with long-term shareholder value.
Next Steps
- The restricted stock award will vest in one year from the transaction date of January 2, 2026.
Key Dates
| Date | Description |
|---|---|
| 2024-12-18 | James W. Haskins granted Power of Attorney for SEC filings. |
| 2026-01-02 | Date of restricted stock award transaction. |
| 2026-01-05 | Date Form 4 was signed. |
Recommendation
holdThis Form 4 filing details a routine restricted stock award to a director, which is a standard component of executive compensation and aligns the director's interests with shareholders. It does not provide new information that would significantly alter the investment thesis for Carter Bankshares, Inc., thus a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Carter Bankshares, CARE, stock award, restricted stock, insider transaction, Form 4, director compensation
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