Form 4: Director Phyllis Karavatakis Acquires Shares in Carter Bankshares, Inc.

Phyllis Karavatakis, a director of Carter Bankshares, Inc., acquired 1,827 shares of common stock on January 2, 2025, through a restricted stock award.

Summary

• On January 2, 2025, Phyllis Karavatakis, a director of Carter Bankshares, Inc., acquired 1,827 shares of common stock.
• The acquisition was a result of a restricted stock award.
• Following the transaction, Karavatakis beneficially owns 19,893 shares of Carter Bankshares, Inc.
• A power of attorney was executed on December 18, 2024, authorizing certain individuals to act on Karavatakis' behalf for Section 16 filings.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating a director's acquisition of shares, which can be seen as a slightly positive sign of confidence, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership positions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects a director's increased investment in the company.

Key Dates