Carter Bankshares (CARE) EVP reports stock award and tax-share disposition

Rhea-AI Filing Summary

Carter Bankshares, Inc. executive Jane Ann Davis, EVP and Chief Administrative Officer, reported two stock transactions involving the company’s common stock. She acquired 1,230 shares as a grant or award at $0.00 per share, described as restricted stock awards with three-year vesting in equal annual thirds. She also disposed of 291 shares at $22.01 per share to cover tax obligations through share withholding rather than an open-market sale. Following these transactions, she held 12,739 common shares directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Davis Jane Ann

Role EVP, CHIEF ADMIN. OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,230	$0.00	--
Tax Withholding	Common Stock	291	$22.01	$6K

Holdings After Transaction: Common Stock — 12,739 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Davis Jane Ann

(Last) (First) (Middle)

1300 KINGS MOUNTAIN RD

(Street)

MARTINSVILLE VA 24112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Carter Bankshares, Inc. [ CARE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CHIEF ADMIN. OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/14/2026		F		291	D	$22.01	11,509	D
Common Stock	02/25/2026		A		1,230(1)	A	$0	12,739	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted Stock Awards - 3 year vesting (1/3 each year)

Remarks:

	/s/ Jessica R. Sikes, Attorney-in-Fact	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did CARE executive Jane Ann Davis report on this Form 4?

Jane Ann Davis reported two transactions in Carter Bankshares common stock: a grant or award acquisition of 1,230 restricted shares at $0.00 per share and a tax-withholding disposition of 291 shares at $22.01 per share, both held as direct ownership.

How many Carter Bankshares (CARE) shares did Jane Ann Davis acquire in the latest award?

She acquired 1,230 shares of Carter Bankshares common stock through a grant or award. A footnote describes these as restricted stock awards that vest over three years, with one-third of the shares vesting each year, aligning her compensation with longer-term company performance.

What does the 291-share disposition by Jane Ann Davis of CARE stock represent?

The 291-share disposition represents shares used to pay tax liabilities at $22.01 per share. This transaction is coded as “F,” meaning taxes were satisfied by delivering shares, indicating a tax-withholding mechanism rather than an open-market sale of Carter Bankshares stock.

What is Jane Ann Davis’s Carter Bankshares (CARE) ownership after these transactions?

After these transactions, Jane Ann Davis directly owns 12,739 shares of Carter Bankshares common stock. This figure reflects the net effect of the 1,230-share grant or award and the 291-share tax-withholding disposition, as reported in the Form 4 filing’s ownership columns.

How do the restricted stock awards for CARE executive Jane Ann Davis vest?

The restricted stock awards vest over three years, with one-third of the shares vesting each year. This three-year vesting schedule is noted in the filing’s footnote and typically encourages longer-term alignment between the executive’s interests and Carter Bankshares’ performance.

Is the 291-share CARE stock disposition by Jane Ann Davis considered a sale?

The 291-share disposition is not described as an open-market sale. It is coded as “F,” indicating the shares were delivered to satisfy tax liabilities associated with equity compensation, a common non-open-market method for handling tax obligations on stock awards.