Form 4: Carter Bankshares Director Walsh Reports Stock Gift
Statement of Changes in Beneficial Ownership
Carter Bankshares, Inc. Director Elizabeth L. Walsh reported a disposition of common stock, gifting 725 shares to her mother.
Summary
- Elizabeth L. Walsh, a Director at Carter Bankshares, Inc., has filed a Form 4 reporting a change in beneficial ownership of company stock.
- On May 8, 2026, Ms. Walsh gifted 725 shares of common stock to her mother.
- Following this transaction, Ms. Walsh beneficially owns 58,028 shares of common stock directly, in addition to indirect holdings through various entities and family members totaling 4,769 shares via Carriage Square, 367,771 shares via EASG, LLC, and 16,000 shares via Lester Family Holdings.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it reports a routine gift of shares by a director rather than a sale or purchase, which typically carries more market-moving implications.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This particular filing details a gift of shares, which is a common, non-sale related change in beneficial ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Elizabeth L. Walsh granted power of attorney to specific individuals to prepare, execute, and submit SEC filings on her behalf, including Forms related to Section 16 of the Securities Exchange Act of 1934. | 2024-12-18 | Facilitates compliance with SEC filing requirements for insider transactions. |
Related Party Transactions
- Gift of 725 shares of common stock from Director Elizabeth L. Walsh to her mother.
Stakeholder Impact
- Shareholders: Increased transparency regarding director's beneficial ownership and non-sale related transactions.
- Regulatory Bodies: Compliance with SEC reporting requirements.
- Management: Standard procedural filing.
Key Dates
| Date | Description |
|---|---|
| 2024-12-18 | Date of execution for the Power of Attorney document. |
| 2026-05-08 | Date of earliest transaction reported and date of stock gift. |
| 2026-05-11 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Stock Gift, Director Transaction, Carter Bankshares, CARE
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