Davis Jane Ann 4

What Happened

• Jane Ann Davis, EVP & Chief Administrative Officer of Carter Bankshares (CARE), received a grant of 1,230 restricted shares (acquisition code A) on 2026-02-25 at $0.00 (typical for restricted stock awards).
• Separately, 291 shares were disposed (code F) on 2026-02-14 at $22.01 per share to satisfy tax withholding obligations, totaling about $6,405.

Key Details

• Transactions:
  • 2026-02-14: 291 shares withheld/pay tax liability (F) at $22.01 — $6,405.
  • 2026-02-25: 1,230 shares granted/acquired (A) at $0.00 — $0 cash paid (restricted stock).
• Shares owned after the transactions: not specified in the filing.
• Footnote: Restricted Stock Awards vest over 3 years (1/3 each year). (F1)
• Filing: Report filed 2026-02-27. The 2026-02-14 withholding appears to have been reported after the usual two-business-day window (i.e., reported late).

Context

• The $0.00 acquisition indicates a restricted stock grant (not an open-market purchase). Restricted stock grants are compensation, typically subject to vesting (here, 3-year schedule).
• The 291-share disposition is a tax withholding event (code F), a routine administrative step to cover taxes when awards vest — not necessarily an open-market sale signaling a change in sentiment.