Form 4: Carter Bankshares SEVP, Chief Credit Officer Tony E. Kallsen Reports Acquisition and Disposal of Common Stock

Tony E. Kallsen, SEVP, Chief Credit Officer of Carter Bankshares, Inc., reports acquiring and disposing of common stock on March 4, 2025, according to a Form 4 filing with the SEC.

Summary

• Tony E. Kallsen, SEVP, Chief Credit Officer of Carter Bankshares, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 4, 2025, involving common stock.
• Kallsen acquired 2,824 shares of common stock at $0.
• Kallsen disposed of 0 shares of common stock.
• Following the reported transaction, Kallsen beneficially owns 16,612 shares of common stock.
• The filing also includes a power of attorney granted by Kallsen to several individuals to handle SEC filings 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

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a regulatory requirement for insiders of publicly traded companies in the United States, similar to requirements in other developed markets.
• The reporting of stock transactions by officers is a common practice across the financial industry, ensuring transparency and preventing insider trading.

Key Dates