Langs Bradford N. 4

What Happened

• Bradford N. Langs, President & Chief Strategy Officer of Carter Bankshares (CARE), had two types of insider transactions. On 2026-02-14 he surrendered 781 shares at $22.01 per share (disposed) to cover tax withholding, generating proceeds of $17,190. On 2026-02-25 he was granted two restricted stock awards totaling 8,117 shares (3,689 + 4,428) at $0.00 (awarded).

Key Details

• Sale/tax withholding: 2026-02-14 — 781 shares disposed at $22.01 each; total $17,190 (transaction code F: payment of exercise price or tax liability).
• Awards/acquisitions: 2026-02-25 — 3,689 shares and 4,428 shares granted at $0.00 (transaction code A: grant/award).
• Vesting notes: F1 = restricted stock awards with 3-year vesting (1/3 each year); F2 = restricted stock awards with 3-year cliff vesting.
• Shares owned after the reported transactions: not specified in the provided Form 4 details.
• Filing date: Form 4 filed 2026-02-27 covering transactions on 2026-02-14 and 2026-02-25. The Feb 14 tax-withholding disposition was reported 13 days later (outside the typical 2-business-day Form 4 window); the Feb 25 awards were reported within two business days.

Context

• The 781-share disposition was a tax-withholding event (code F), a routine way insiders surrender shares to satisfy tax obligations when restricted stock vests — it is not the same as a discretionary sale for cash.
• The 8,117-share entries are restricted stock awards subject to vesting (per the footnotes); these shares are not fully vested and may not be immediately marketable. Awards are acquisitions but are contingent on vesting conditions.
• No 10b5-1 plan or other trading plan is indicated in the provided data.