Carter Bankshares CEO Van Dyke Litz Receives Restricted Stock Award

What Happened Van Dyke Litz H, Chief Executive Officer of Carter Bankshares, received an award of 12,300 restricted shares on June 30, 2026. The grant is recorded as an acquisition (code A) at $0.00 per share in the Form 4, meaning no cash was paid for the shares in the filing.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02. No late-filing flag shown in the filing.
• Transaction type/code: Restricted stock award (A). Reported price: $0.00; reported acquisition value: $0.
• Number of shares granted: 12,300 restricted shares.
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Award vests over 3 years — one-third vests each year (restricted stock award).

Context This was a compensation grant (restricted stock) rather than an open-market purchase or sale. Such awards are typically used for retention and long-term incentive purposes and do not represent an immediate market buy/sell signal. The award will vest over time per the stated schedule.