Form 4: Carter Bankshares Exec Receives Restricted Stock Award

Carter Bankshares EVP Jane Ann Davis reported the acquisition of 1,230 restricted stock awards and the disposition of 291 shares for tax purposes.

Summary

• Jane Ann Davis, EVP, Chief Admin. Officer of Carter Bankshares, Inc. (CARE), reported changes in her beneficial ownership.
• On February 14, 2026, 291 shares of Common Stock were disposed of at $22.01 per share to cover tax liabilities (Form 4 transaction code 'F').
• On February 25, 2026, 1,230 shares of Common Stock were acquired as Restricted Stock Awards at a price of $0.00.
• These Restricted Stock Awards have a 3-year vesting schedule, with one-third vesting each year.
• Following these transactions, Jane Ann Davis beneficially owns 12,739 shares of Common Stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and retention, which aligns management interests with long-term company performance.

Positives

• EVP Jane Ann Davis received 1,230 shares of Common Stock as Restricted Stock Awards, indicating continued alignment of management interests with shareholders.

Negatives

• 291 shares were disposed of to cover tax liabilities, which is a common practice for equity awards but represents a reduction in direct holdings.

Future Outlook

The Restricted Stock Awards have a 3-year vesting schedule, implying a future commitment and retention strategy for the executive.

Industry Context

StockSavvy.ai notes that executive stock awards, particularly restricted stock, are a standard component of compensation packages in the banking industry, designed to align executive incentives with long-term company performance and shareholder value. The disposition for tax purposes is also a routine event associated with such awards.

Comparison to Industry Standards

• The grant of restricted stock awards to key executives like an EVP is a common practice across the financial services sector, comparable to compensation structures seen at regional banks such as Old National Bancorp (ONB) or First Financial Bancorp (FFBC).
• Equity incentives are widely used to foster long-term commitment and performance.
• The vesting schedule of 3 years is typical for such awards in the industry.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock awards to an EVP aligns management's long-term interests with shareholder value creation.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The Restricted Stock Awards will vest over a 3-year period, with one-third vesting each year.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation, specifically a restricted stock award and a tax-related disposition. Such transactions are standard and do not typically indicate a significant shift in the company's fundamentals or outlook, thus warranting a 'hold' recommendation for existing investors.

Keywords

Carter Bankshares, CARE, Form 4, Insider Transaction, Stock Award, Restricted Stock, Executive Compensation, Jane Ann Davis, Beneficial Ownership