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  4. [Form 4] Carter Bankshares, Inc. Insider Trading Activity

Carter Bankshares (CARE) credit officer receives 5,472-share stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kallsen Tony E reported acquisition or exercise transactions in this Form 4 filing.

Carter Bankshares, Inc. reported that Senior Executive Vice President and Chief Credit Officer Tony E. Kallsen received a grant of 5,472 shares of common stock as a compensation award. The restricted stock vests over three years, with one-third vesting each year. Following this award, Kallsen directly holds 26,091 shares of Carter Bankshares common stock.

Positive

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Negative

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Insider Kallsen Tony E
Role SEVP, CHIEF CREDIT OFFICER
Type Security Shares Price Value
Grant/Award Common Stock 5,472 $0.00 $0.00
Holdings After Transaction: Common Stock — 26,091 shares (Direct)
Footnotes (1)
  1. F1. Restricted Stock Awards - 3 year vesting (1/3 each year)
Shares awarded 5,472 shares Restricted stock grant to SEVP & Chief Credit Officer on 2026-06-30
Award price per share $0.00 per share Compensation grant, not open-market purchase
Total shares after award 26,091 shares Direct holdings of Tony E. Kallsen following transaction
Vesting period 3 years Restricted stock vests over three years
Annual vesting portion 1/3 each year Restricted stock vesting schedule
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.
vesting financial
"Restricted Stock Awards - 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.
Common Stock financial
"security_title": "Common Stock""
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did CARE executive Tony Kallsen report on this Form 4?
Tony E. Kallsen reported receiving 5,472 shares of Carter Bankshares common stock as a grant. The award was recorded at a price of $0.00 per share, reflecting compensation rather than an open-market purchase.

Is the CARE insider transaction a purchase or a stock award?
The CARE transaction is a stock award, not a market purchase. The Form 4 lists transaction code "A" and a price of $0.00 per share, indicating a grant or other acquisition as part of compensation.

How do the 5,472 CARE shares awarded to Tony Kallsen vest over time?
The 5,472 CARE restricted stock awards vest over three years. According to the footnote, one-third of the shares vest each year, creating a multi‑year incentive tied to continued service at Carter Bankshares.

How many CARE shares does Tony Kallsen hold after this Form 4 transaction?
After receiving the restricted stock award, Tony Kallsen directly holds 26,091 shares of CARE common stock. This total includes the newly granted 5,472 shares, which are subject to the three‑year vesting schedule described in the filing footnote.

What does transaction code "A" mean in the CARE Form 4 filing?
Transaction code "A" in this CARE Form 4 indicates a grant, award, or other acquisition of shares. It confirms the insider received stock as compensation, rather than buying or selling shares in the open market.
SEC Form 4
FORM 4UNITED 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*
Kallsen Tony E
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SEVP, CHIEF CREDIT OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026A5,472(1)A$026,091D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-fact07/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR