Form 4: Carter Bankshares Executive Wendy Bell Reports Stock Award
Statement of Changes in Beneficial Ownership
Carter Bankshares, Inc. (CARE) reports a significant stock award to Senior Executive VP and CFO Wendy S. Bell.
Summary
- Wendy S. Bell, Senior Executive VP and CFO of Carter Bankshares, Inc., received a grant of 6,428 shares of common stock on June 30, 2026.
- This award is classified as Restricted Stock Awards with a three-year vesting period, where one-third vests each year.
- Following this transaction, Ms. Bell beneficially owns a total of 46,651 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard executive compensation event rather than a significant financial performance indicator or strategic shift.
Positives
- Grant of restricted stock awards to a key executive, indicating a commitment to long-term incentive and retention.
- The executive's beneficial ownership increases, aligning their interests with shareholders.
Future Outlook
The filing details a restricted stock award with a three-year vesting schedule, implying a forward-looking incentive for the executive.
Industry Context
StockSavvy.ai notes that the granting of restricted stock awards to senior executives is a common practice in the banking industry to align executive compensation with long-term company performance and shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Wendy S. Bell has appointed attorneys-in-fact to execute and file Section 16 reports on her behalf. | 12/18/2024 | Ensures compliance with SEC filing requirements for beneficial ownership changes. |
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with long-term company performance.
- Employees: May signal a stable leadership structure and continued focus on executive retention.
- Management: Reinforces executive compensation structure.
Next Steps
- Vesting of restricted stock awards over a three-year period.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Date of transaction for Restricted Stock Award. |
| 12/18/2024 | Date of execution for the Power of Attorney document. |
Keywords
Carter Bankshares, CARE, Form 4, Wendy S. Bell, Restricted Stock Award, Executive Compensation, Beneficial Ownership, SEC Filing
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