SCHEDULE: Vanguard Group Amends Carter Bankshares Stake to Zero

The Vanguard Group has filed an amended Schedule 13G, reporting zero beneficial ownership in Carter Bankshares Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to its Schedule 13G for Carter Bankshares Inc. (CUSIP: 146103106).
• The filing indicates that The Vanguard Group now beneficially owns 0 shares, representing 0% of the Common Stock of Carter Bankshares Inc.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily a procedural update regarding The Vanguard Group's internal reporting structure rather than a change in investment sentiment towards Carter Bankshares Inc.

Future Outlook

NA

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release.
• Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes that this filing reflects a procedural change in how The Vanguard Group reports its holdings, rather than a strategic divestment. Such internal realignments are common among large asset managers to optimize reporting structures, especially in compliance with SEC guidelines for disaggregated reporting.

Stakeholder Impact

• Shareholders of Carter Bankshares Inc. may observe a change in institutional ownership data, as Vanguard's direct reported stake becomes zero, with holdings now disaggregated to its subsidiaries.

Key Dates

Keywords

Vanguard Group, Carter Bankshares Inc, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Ownership, Common Stock, Investment Adviser