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 261 shares of common stock.
Summary
- Jane Ann Davis, Executive Vice President and Chief Administrative Officer of Carter Bankshares, Inc. (CARE), reported a transaction on May 21, 2026.
- The transaction involved the acquisition of 261 shares of common stock at a price of $26.95 per share.
- Following this transaction, Ms. Davis beneficially owns 13,723 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider stock acquisition without significant strategic implications.
Positives
- The reporting person, Jane Ann Davis, acquired additional shares of common stock, indicating a potential personal investment in the company.
- The transaction was executed at a specific price of $26.95 per share, providing a clear valuation point for this portion of the holding.
Future Outlook
This filing is a report of a past transaction 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 investment activities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Jane Ann Davis granted power of attorney to specific individuals to execute and file Section 16 reports on her behalf. | 12/18/2024 | Ensures compliance with SEC filing requirements for insider transactions. |
Stakeholder Impact
- Shareholders: The acquisition of shares by an executive may be viewed positively as a sign of confidence in the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of Power of Attorney for Jane Ann Davis. |
| 05/21/2026 | Transaction Date for the acquisition of common stock. |
| 05/26/2026 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Carter Bankshares, CARE, Stock Transaction, Beneficial Ownership, Jane Ann Davis
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