Form 4: Carter Bankshares Executive Vice President Jane Ann Davis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jane Ann Davis, EVP and Chief Administrative Officer of Carter Bankshares, Inc., reports transactions involving common stock, including an acquisition of shares and a disposition to cover tax obligations.
Summary
- On March 17, 2024, Jane Ann Davis, EVP and Chief Administrative Officer of Carter Bankshares, Inc., reported changes in beneficial ownership of the company's common stock.
- Davis acquired 1,913 shares of common stock on March 4, 2025, at a price of $0.
- Davis disposed of 202 shares of common stock on March 17, 2024, at a price of $12.27.
- Following these transactions, Davis directly owns 12,492 shares of Carter Bankshares, Inc. common stock.
- The report also includes a power of attorney granted by Davis to several individuals, authorizing them to act on her behalf in matters related to Section 16 of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by Section 16 of the Securities Exchange Act, ensuring transparency in insider trading activities.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction where 202 shares of common stock were disposed of. |
| 12/18/2024 | Date of execution of the power of attorney. |
| 03/04/2025 | Date of transaction where 1,913 shares of common stock were acquired. |
| 03/06/2025 | Date of signature of the reporting person. |
| 03/04/2028 | Full vesting date of restricted stock awards. |
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