Davis Jane Ann 4

What Happened
Jane Ann Davis, Executive Vice President & Chief Administrative Officer of Carter Bankshares (CARE), disposed of 261 shares on 2026-05-21 at $26.95 per share, a total value of $7,034. The Form 4 reports the transaction as code "F" (payment of exercise price or tax liability), which indicates the shares were surrendered to satisfy tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-05-21; Price: $26.95; Shares: 261; Total value reported: $7,034.
• Transaction code: F — payment of exercise price or tax liability (share withholding to cover taxes).
• Shares owned after the transaction: not specified in the provided filing.
• Filing date: 2026-05-26 — filed after the transaction (appears late vs. the 2-business-day Form 4 requirement).
• No 10b5-1 plan or other footnotes were reported in the provided details.

Context
Code F transactions commonly reflect tax withholding after an option exercise or restricted stock vesting and are routine administrative actions; they do not necessarily signal buying or selling intent in the open market. This was a disposition to cover taxes (a cashless withholding), not an open-market sale.