Form 4: Carter Bankshares Director Robert Bolton Reports Acquisition of Common Stock

Director Robert Bolton reported the acquisition of 1,827 shares of Carter Bankshares, Inc. common stock on January 2, 2025, through a restricted stock award.

Summary

• Robert Bolton, a director of Carter Bankshares, Inc., filed a Form 4 with the SEC.
• The report details a transaction on January 2, 2025, where Bolton acquired 1,827 shares of common stock through a restricted stock award.
• The acquisition price was $0.
• Following the transaction, Bolton directly owns 12,728 shares and indirectly owns 56,500 shares through Iron Bay Fund.
• Bolton also granted power of attorney to Abigail E. McGuire, Lisa J. Correll, K. Jill Milner and Jessica R. Sikes to handle SEC filings related to Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The acquisition of shares by a director is mildly positive, but the overall impact is limited.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider trading regulations. It provides transparency into the transactions of company insiders, allowing investors to monitor their activity and assess their confidence in the company.

Stakeholder Impact

• Shareholders may view the director's stock acquisition as a positive sign.

Key Dates