Form 4: Carter Bankshares Officer Reports Stock Transactions
Insider Transaction Report
Tony E. Kallsen, SEVP and Chief Credit Officer of Carter Bankshares, Inc., reported a transaction involving 5,472 shares of common stock.
Summary
- Tony E. Kallsen, SEVP and Chief Credit Officer of Carter Bankshares, Inc. (CARE), reported a transaction on June 30, 2026.
- The transaction involved the acquisition of 5,472 shares of common stock.
- These shares were acquired at a price of $0, indicating they were likely part of a restricted stock award.
- Following this transaction, Kallsen beneficially owns 26,091 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of an executive receiving restricted stock awards, which is a common compensation practice and does not inherently signal a change in the executive's or company's outlook.
Positives
- Acquisition of 5,472 shares of common stock by a key executive.
- The shares were acquired at no cost, suggesting an incentive or award program.
- The executive's beneficial ownership of common stock remains substantial at 26,091 shares.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and are crucial for understanding executive compensation and potential insider sentiment regarding the company's stock.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Tony E. Kallsen granted power of attorney to Abigail E. McGuire, Lisa J. Correll, K. Jill Milner, and Jessica R. Sikes to execute Section 16 filings on his behalf. | 12/18/2024 | Ensures compliance with SEC filing requirements for insider transactions, allowing designated individuals to act on Kallsen's behalf. |
Stakeholder Impact
- Shareholders: The filing provides transparency into executive compensation and insider stock ownership, which can influence investor perception.
- Employees: May reflect the company's approach to executive incentives and compensation.
- Management: Demonstrates adherence to regulatory disclosure requirements.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Transaction date for the acquisition of common stock by Tony E. Kallsen. |
| 12/18/2024 | Date of the Power of Attorney document signed by Tony E. Kallsen. |
Keywords
Form 4, SEC Filing, Insider Trading, Carter Bankshares, CARE, Stock Award, Beneficial Ownership, Executive Compensation
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