Carter Bankshares COO awarded restricted stock grants

Carter Bankshares, Inc. reported that Senior Executive Vice President and Chief Operating Officer Matthew M. Speare acquired common stock through two restricted stock awards on February 25, 2026.

Rhea-AI Filing Summary

Carter Bankshares, Inc. reported that Senior Executive Vice President and Chief Operating Officer Matthew M. Speare acquired common stock through two restricted stock awards on February 25, 2026. He received 2,220 shares and an additional 3,075 shares at no purchase price. After these awards, his directly owned common stock holdings increased to 27,204 shares. One grant consists of restricted stock that vests over three years at one-third each year, while the other is restricted stock that vests on a three-year cliff schedule.

Insider Trade Summary

Grant/Award: 5,295 shares

Grant/Award 2 txns

Insider Speare Matthew M.

Role SEVP, CHIEF OPERATING OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,220	$0.00	$0.00
Grant/Award	Common Stock	3,075	$0.00	$0.00

Holdings After Transaction: Common Stock — 27,204 shares (Direct)

Footnotes (2)

1. F1. Restricted Stock Awards - 3 year vesting (1/3 each year)
2. F2. Restricted Stock Awards - 3 year cliff vesting

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Carter Bankshares (CARE) report for Matthew M. Speare?

Carter Bankshares reported that Matthew M. Speare received two grants of common stock as restricted stock awards. The Form 4 shows these were non-cash acquisitions of company shares, reflecting additional equity awarded to him in his role as SEVP and Chief Operating Officer.

How many Carter Bankshares (CARE) shares were awarded to Matthew M. Speare?

Matthew M. Speare was awarded 2,220 shares of Carter Bankshares common stock in one restricted stock grant and 3,075 shares in another. Together, these awards increased his directly owned holdings and were reported as grant or award acquisitions on the Form 4 filing.

What are the vesting terms of the restricted stock awards reported for CARE’s Matthew M. Speare?

The Form 4 footnotes state one restricted stock award vests over three years, with one-third vesting each year. The other restricted stock award vests on a three-year cliff basis, meaning the entire award vests at the end of the three-year period.

What is Matthew M. Speare’s ownership in Carter Bankshares (CARE) after these awards?

After the reported restricted stock awards, Matthew M. Speare directly owns 27,204 shares of Carter Bankshares common stock. The Form 4 indicates this total following the second grant, reflecting his updated direct ownership position as a senior executive of the company.

Were the Carter Bankshares (CARE) stock awards to Matthew M. Speare purchases or grants?

The transactions were grants, not open-market purchases. The Form 4 classifies both as grant, award, or other acquisition transactions, with a reported price per share of zero, indicating they were restricted stock awards provided to him rather than shares he bought.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/27/2026 - 11:48 AM EST 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^*

Speare Matthew M.

(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)
	SEVP, CHIEF OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		2,220(1)	A	$0	24,129	D
Common Stock	02/25/2026		A		3,075(2)	A	$0	27,204	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)

2. Restricted Stock Awards - 3 year cliff vesting

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.
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