Carter Bankshares (CARE) EVP awarded 3,240 restricted shares in new equity grant

Rhea-AI Filing Summary

Carter Bankshares, Inc. executive Arthur Loran Adams, EVP and Director of Regulatory Risk Management, received a grant of 3,240 shares of common stock as equity compensation. The award was priced at $0.00 per share, indicating it is a restricted stock grant rather than a market purchase or sale.

According to the filing, this restricted stock award vests over three years, with one-third vesting each year. Following the grant, Adams directly holds a total of 16,302 shares of Carter Bankshares common stock. This is a routine compensation-related acquisition, not an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Adams Arthur Loran

Role EVP, DIRECTOR OF REG RISK MNGT

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,240	$0.00	--

Holdings After Transaction: Common Stock — 16,302 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares granted: 3,240 shares Grant price per share: $0.00 per share Shares held after grant: 16,302 shares +1 more

4 metrics

Restricted shares granted 3,240 shares Common Stock grant, Form 4 transaction code A

Grant price per share $0.00 per share Restricted stock award, non-market transaction

Shares held after grant 16,302 shares Total direct holdings following the award

Vesting schedule 3 years (1/3 each year) Restricted Stock Awards vesting terms from footnote

Key Terms

Restricted Stock Awards, grant/award acquisition, transaction code A, vesting

4 terms

Restricted Stock Awards financial

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

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

transaction code A regulatory

"transaction_code": "A""

vesting financial

"3 year vesting (1/3 each year)"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 12:55 PM Accepted by SEC EDGAR 07/02/2026 - 12:55 PM Learn about SEC filing dates

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^*

Adams Arthur Loran

(Last) (First) (Middle)

1300 KINGS MOUNTAIN RD.

(Street)

MARTINSVILLE VIRGINIA 24112

(City) (State) (Zip)

UNITED STATES

(Country)

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, DIRECTOR OF REG RISK MNGT

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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

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

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

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	06/30/2026		A		3,240(1)	A	$0	16,302	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/ Lisa J. Correll, Attorney-in-fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Carter Bankshares (CARE) report for Arthur Loran Adams?

Carter Bankshares reported that Arthur Loran Adams received a grant of 3,240 shares of common stock. This is a compensation-related restricted stock award, not an open-market purchase or sale, and increases his direct holdings to 16,302 shares.

Was the Carter Bankshares (CARE) Form 4 transaction a stock purchase or sale?

The Form 4 transaction was neither a purchase nor a sale. Arthur Loran Adams received 3,240 shares as a restricted stock award at $0.00 per share, classified as a grant or award acquisition, rather than a market trade.

How does the restricted stock award to Arthur Loran Adams at Carter Bankshares (CARE) vest?

The restricted stock award to Arthur Loran Adams vests over three years. The footnote states that one-third of the 3,240-share grant vests each year, creating a multi-year incentive structure tied to continued service.

How many Carter Bankshares (CARE) shares does Arthur Loran Adams hold after this Form 4 transaction?

After the reported transaction, Arthur Loran Adams directly holds 16,302 shares of Carter Bankshares common stock. This total reflects the addition of the 3,240-share restricted stock award reported in the filing.

What role does Arthur Loran Adams hold at Carter Bankshares (CARE) in this Form 4 filing?

Arthur Loran Adams is identified as an officer of Carter Bankshares, serving as Executive Vice President and Director of Regulatory Risk Management. The Form 4 reports his receipt of a restricted stock award as part of his compensation.