Bell Wendy S. 4

What Happened
Wendy S. Bell, Senior Executive VP and Chief Financial Officer of Carter Bankshares, received two restricted stock awards on 2026-02-25 totaling 5,805 shares (2,513 and 3,292 shares) at $0.00 per share. Prior to that, on 2026-02-14 she had 554 shares disposed at $22.01 each for $12,194 to cover an exercise price or tax liability (transaction code F).

Key Details

• Transactions reported:
  • 2026-02-14: 554 shares disposed (F — payment of exercise price or tax liability) at $22.01 — proceeds $12,194.
  • 2026-02-25: 2,513 shares acquired (A — award/grant) at $0.00.
  • 2026-02-25: 3,292 shares acquired (A — award/grant) at $0.00.
• Total shares granted on 2/25: 5,805 shares.
• Filing: Form 4 filed 2026-02-27 reporting the above transactions. The Feb 14 disposal was reported 13 days after the transaction (appears late); the Feb 25 awards were reported within the typical 2-business-day window.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes from the filing:
  • F1: Restricted Stock Awards — 3-year vesting, vesting in one-third increments each year.
  • F2: Restricted Stock Awards — 3-year cliff vesting (all shares vest after 3 years).
• No 10b5‑1 plan or immediate open-market sale of newly granted shares is indicated in the disclosed items.

Context
The Feb 25 entries are grants (restricted stock awards), a form of compensation that vests over time per the noted schedules; they are acquisitions but not open‑market purchases. The Feb 14 disposal appears to be a tax-withholding or exercise-related share surrender common when stock awards vest or options are exercised; such disposals are routine and reflect tax/settlement mechanics rather than a directional investment decision. Late reporting reduces immediate transparency but does not in itself indicate intent.