Davis Jane Ann 4

What Happened Jane Ann Davis, Executive Vice President and Chief Administrative Officer of Carter Bankshares (CARE), received a grant of 3,604 restricted common shares on June 30, 2026. The award is reported at $0.00 per share (transaction code A), so no cash was exchanged at grant — this is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (within the typical 2-business-day reporting window).
• Shares granted: 3,604; price per share reported: $0.00; total acquisition value reported: $0.
• Vesting: Restricted stock awards with a 3-year vesting schedule — 1/3 vests each year (footnote F1).
• Shares owned after transaction: not specified in the filing.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context Restricted stock awards are a common form of executive compensation and are subject to forfeiture until vested, so they do not represent an immediate market purchase or sale. Such grants are primarily a retention/compensation tool and should be interpreted differently than open-market insider buys or sells.