Carter Bankshares (CARE) CFO Wendy Bell Receives 6,428-Share Award

What Happened Wendy S. Bell, Senior Executive Vice President and Chief Financial Officer of Carter Bankshares (CARE), was granted 6,428 restricted shares on June 30, 2026. The Form 4 reports the acquisition at $0.00 per share (award/grant), so no cash was paid. This is a company grant of equity rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02.
• Type: Award/Grant (code A) — 6,428 shares acquired at $0.00 (reported value $0).
• Vesting: Restricted Stock Awards with a 3-year vesting schedule (1/3 vests each year) — see footnote.
• Shares owned after transaction: not disclosed in the provided excerpt.
• No late-filing indication provided in the filing information.

Context Restricted stock awards are a form of compensation that generally vest over time and can align executive interests with shareholders; they are not immediate cash purchases or sales. This grant does not by itself indicate a buy or sell sentiment — it reflects compensation awarded by the company and will convert to owned shares as vesting milestones are met.