Carter Bankshares (CARE) CEO granted 12,068 shares, withholds 1,158 for taxes

Rhea-AI Filing Summary

Carter Bankshares, Inc. director and CEO Van Dyke Litz reported stock-based compensation and a tax-related share disposition. On February 25, 2026, he acquired 4,870 and 7,198 shares of common stock at $0.00 per share as restricted stock awards, with three-year vesting structures (one vests 1/3 each year, the other after three years). On February 14, 2026, 1,158 shares were disposed of at $22.01 per share to cover tax obligations. Following one of the awards, his direct holdings were reported as 68,286 common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Van Dyke Litz H

Role CHIEF EXECUTIVE OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,870	$0.00	--
Grant/Award	Common Stock	7,198	$0.00	--
Tax Withholding	Common Stock	1,158	$22.01	$25K

Holdings After Transaction: Common Stock — 61,088 shares (Direct)

Footnotes (1)

1. Restricted Stock Award - 3 year vesting, (1/3 each year) Restricted Stock Award - 3 year cliff vesting

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^*

Van Dyke Litz H

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE 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		1,158	D	$22.01	56,218	D
Common Stock	02/25/2026		A		4,870(1)	A	$0	61,088	D
Common Stock	02/25/2026		A		7,198(2)	A	$0	68,286	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 Award - 3 year vesting, (1/3 each year)

2. Restricted Stock Award - 3 year cliff vesting

Remarks:

	/s/ Jessica R. Sikes	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 CEO Van Dyke Litz report?

Van Dyke Litz reported two stock awards and one tax-related share disposition. He received 4,870 and 7,198 restricted shares, and 1,158 shares were withheld at $22.01 each to satisfy tax obligations related to equity compensation.

How many Carter Bankshares (CARE) shares were granted to the CEO?

The CEO was granted a total of 12,068 common shares as equity compensation. These came through two restricted stock awards of 4,870 shares and 7,198 shares, both issued at $0.00 per share as part of his compensation package.

What type of stock awards did the Carter Bankshares CEO receive?

He received restricted stock awards with specific vesting conditions. One award of 4,870 shares vests over three years at one-third each year, while the 7,198-share award uses a three-year cliff vesting schedule, becoming fully vested only at the end of the period.

Were the CARE CEO’s reported transactions open-market buys or sells?

The reported activity was compensation and tax withholding, not open-market trading. The two acquisitions were zero-cost restricted stock awards, and the 1,158-share disposition at $22.01 represented shares withheld to pay tax liabilities on equity compensation.

How many Carter Bankshares shares does the CEO hold after these awards?

After one of the February 25, 2026 awards, his direct ownership was listed as 68,286 common shares. This figure reflects holdings reported in connection with that specific transaction and helps illustrate the scale of his equity stake.

What is the vesting schedule for the CARE CEO’s new restricted shares?

The Form 4 discloses two vesting structures. One restricted stock award vests over three years with one-third vesting each year. The other award uses a three-year cliff vest, meaning all 7,198 shares vest together at the end of the three-year period.