Van Dyke Litz H 4

What Happened

• Van Dyke Litz, CEO of Carter Bankshares (CARE), was granted two restricted stock awards on 2026-02-25 totaling 12,068 shares (4,870 and 7,198 shares). These awards were reported at $0.00 per share (no cash paid). Earlier, on 2026-02-14, 1,158 shares were disposed at $22.01 per share (value $25,488) to satisfy a tax liability/withholding related to equity compensation.

Key Details

• Transaction dates and amounts:
  • 2026-02-14: 1,158 shares disposed at $22.01/share for $25,488 (code F — payment of exercise price or tax liability; effectively shares surrendered for tax withholding).
  • 2026-02-25: Award/acquisition of 4,870 shares @ $0.00 (code A).
  • 2026-02-25: Award/acquisition of 7,198 shares @ $0.00 (code A).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: One award vests over three years (1/3 each year); the other is a three-year cliff vesting.
• Filing timeliness: The 2/14 withholding transaction appears to be reported on the Form 4 filed 2026-02-27 (more than the SEC’s usual two-business-day reporting window), while the 2/25 grants were reported within two days of those transactions.

Context

• The 1,158-share disposal was a tax-withholding action tied to equity compensation rather than an open-market sale; this is a routine administrative step and not necessarily a directional bet on the stock. The two 2026-02-25 entries are restricted stock grants (awards) — acquisitions by grant, not purchases — and vest over time per the footnotes.