EVP at Carter Bankshares (CARE) receives 1,850-share stock award

Rhea-AI Filing Summary

Davis Jane Ann reported acquisition or exercise transactions in this Form 4 filing.

Carter Bankshares, Inc. executive vice president and chief administrative officer Jane Ann Davis received a grant of 1,850 shares of common stock as a restricted stock award. The grant price was recorded at $0.00 per share, indicating a compensation award rather than an open-market purchase.

After this award, Davis directly holds 13,984 common shares. According to the footnote, these restricted shares have a three-year vesting schedule and are scheduled to fully vest on April 27, 2029, tying the award to long-term service and performance at the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Jane Ann

Role EVP, CHIEF ADMIN. OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,850	$0.00	--

Holdings After Transaction: Common Stock — 13,984 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock award: 1,850 shares Grant price per share: $0.00 per share Total shares after transaction: 13,984 shares +1 more

4 metrics

Restricted stock award 1,850 shares Common Stock grant to EVP Jane Ann Davis

Grant price per share $0.00 per share Compensation-related restricted stock, not market purchase

Total shares after transaction 13,984 shares Direct holdings of Jane Ann Davis following award

Vesting date April 27, 2029 Restricted stock fully vests after three-year schedule

Key Terms

Restricted stock awards, vesting, Common Stock

3 terms

Restricted stock awards financial

"Restricted stock awards 3 year vesting- fully vest on 4/27/29"

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.

vesting financial

"Restricted stock awards 3 year vesting- fully vest on 4/27/29"

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.

Common Stock financial

"security_title: Common Stock in the non-derivative transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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 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, CHIEF ADMIN. OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

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	04/27/2026		A		1,850(1)	A	$0	13,984	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- fully vest on 4/27/29

Remarks:

	/s/ Abigail E. McGuire, Attorney-in-Fact	04/29/2026
	** 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 Jane Ann Davis?

Carter Bankshares reported that EVP and chief administrative officer Jane Ann Davis received a restricted stock award of 1,850 common shares. This was a compensation grant, not an open-market trade, and increased her direct holdings to 13,984 shares following the transaction.

Was the Carter Bankshares (CARE) stock award to Jane Ann Davis a market purchase?

No, the 1,850-share transaction was recorded at $0.00 per share, indicating a restricted stock grant rather than a market purchase. It reflects equity-based compensation, granting additional ownership without the executive paying a market price for the shares.

How many Carter Bankshares (CARE) shares does Jane Ann Davis hold after this award?

Following the 1,850-share restricted stock grant, Jane Ann Davis directly holds 13,984 shares of Carter Bankshares common stock. This total reflects her position after the compensation-related acquisition reported in the Form 4 insider filing data.

What is the vesting schedule for Jane Ann Davis’s restricted stock at Carter Bankshares (CARE)?

The restricted stock award has a three-year vesting schedule and is set to fully vest on April 27, 2029. Until vesting, the shares are subject to restrictions that typically require continued employment or meeting specific service-related conditions.

What role does Jane Ann Davis hold at Carter Bankshares (CARE) in this insider filing?

In this insider filing, Jane Ann Davis is identified as an officer serving as executive vice president and chief administrative officer. The reported 1,850-share restricted stock grant reflects part of her equity-based compensation in that leadership role.