Form 4: Director Haskins Reports Carter Bankshares Stock Transaction
Insider Transaction Report
James W. Haskins, a Director at Carter Bankshares, Inc., reported a transaction involving the purchase of 1,000 shares of common stock.
Summary
- Director James W. Haskins acquired 1,000 shares of Carter Bankshares, Inc. common stock on May 5, 2026, at a price of $26.04 per share.
- Following this transaction, Mr. Haskins beneficially owns 62,702 shares of common stock directly.
- Additionally, 1,751 shares are held indirectly by his spouse.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents a director's direct investment in the company, which can be a positive signal, but it does not contain broader financial performance data.
Positives
- Director's direct purchase of company stock signals confidence in the company's future prospects.
- The acquisition of 1,000 shares at a specific price point provides transparency for investors.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that insider purchases, such as this one by Director Haskins, are often viewed positively by the market as they can indicate management's belief in the company's intrinsic value and future growth potential within the banking sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | James W. Haskins granted power of attorney to specific individuals to prepare and execute SEC filings on his behalf. | 2024-12-18 | Ensures compliance with Section 16 reporting requirements even when the reporting person cannot personally file. |
Stakeholder Impact
- Shareholders: The purchase by a director may be interpreted as a positive signal of confidence in the company's value.
- Management: Reinforces the requirement for timely and accurate reporting of beneficial ownership changes.
Key Dates
| Date | Description |
|---|---|
| 2024-12-18 | Date of Power of Attorney document for James W. Haskins. |
| 2026-05-05 | Transaction Date for the purchase of 1,000 shares of common stock by James W. Haskins. |
| 2026-05-06 | Date of signature for the Form 4 filing. |
Keywords
Carter Bankshares, CARE, Form 4, Insider Trading, Director Transaction, Common Stock, Beneficial Ownership
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