Form 4: Carter Bankshares Executive Acquires Shares Through Restricted Stock Award

Matthew M. Speare, SEVP and Chief Operating Officer of Carter Bankshares, Inc., acquired 3,100 shares of common stock through a restricted stock award.

Summary

• Matthew M. Speare, a senior executive at Carter Bankshares, Inc., acquired 3,100 shares of common stock on March 4, 2025.
• The acquisition was a result of a restricted stock award.
• Following the transaction, Speare directly owns 35,459 shares of Carter Bankshares, Inc.
• The restricted stock award vests fully on March 4, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock award. The acquisition of shares by an executive is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a senior executive can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. Restricted stock awards are a common form of executive compensation in the banking industry.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock awards, are common in the banking industry to align management's interests with those of shareholders.
• The vesting period of three years is a typical timeframe for restricted stock awards.
• Comparing Speare's total share ownership to that of executives at similarly sized regional banks could provide a benchmark for assessing the significance of his holdings.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates