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

Arthur Loran Adams, EVP and Director of Risk Management at Carter Bankshares, acquired 1,559 shares of common stock through a restricted stock award that fully vests on March 4, 2028.

Summary

• Arthur Loran Adams, an executive at Carter Bankshares, acquired 1,559 shares of common stock on March 4, 2025.
• The acquisition was a result of a restricted stock award.
• The shares were acquired at a price of $0.
• Following the transaction, Adams directly owns 8,937 shares of Carter Bankshares common stock.
• The restricted stock award vests over three years and will be fully vested on March 4, 2028.
• Adams has 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: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but it's a routine transaction related to compensation.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's increased stake in the company, which is common practice for aligning management interests with shareholder value.

Stakeholder Impact

• The increased ownership by a key executive could positively influence shareholder confidence.

Key Dates