Form 4: Carter Bankshares Officer Reports Stock Transaction
Insider Transaction Report
Jane Ann Davis, EVP, Chief Admin. Officer of Carter Bankshares, Inc., reported a transaction involving 296 shares of common stock.
Summary
- Jane Ann Davis, an officer of Carter Bankshares, Inc. (CARE), reported a transaction on April 20, 2026.
- The transaction involved the acquisition of 296 shares of common stock at a price of $24.24 per share.
- Following this transaction, Ms. Davis beneficially owns 12,134 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard insider stock transaction without significant positive or negative implications on its own.
Positives
- Officer Jane Ann Davis acquired additional shares of company stock, indicating potential confidence in the company's future.
- The acquisition was made at a specific price point, providing a clear valuation reference for this transaction.
Future Outlook
This filing is a routine disclosure of a stock transaction by an insider and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the banking sector, providing transparency on executive stock dealings.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Jane Ann Davis granted power of attorney to Abigail E. McGuire, Lisa J. Correll, K. Jill Milner, and Jessica R. Sikes to execute SEC filings on her behalf. | 12/18/2024 | Facilitates compliance with Section 16 reporting requirements by allowing designated individuals to file on behalf of the officer. |
Stakeholder Impact
- Shareholders: The transaction provides insight into insider activity, which can be a factor in investment decisions.
- Management: Demonstrates adherence to regulatory reporting requirements for stock transactions.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of Power of Attorney for Jane Ann Davis. |
| 04/20/2026 | Transaction Date for the acquisition of common stock. |
| 04/21/2026 | Date the Form 4 was signed by Jessica R. Sikes, Attorney-in-Fact. |
Keywords
Form 4, Insider Transaction, Carter Bankshares, CARE, Stock Acquisition, Beneficial Ownership, Jane Ann Davis
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