Speare Matthew M. 4

What Happened

• Matthew M. Speare, Chief Operating Officer of Carter Bankshares (CARE), was granted two restricted stock awards on February 25, 2026 totaling 5,295 shares (2,220 shares and 3,075 shares). Both awards were reported at $0.00 per share (compensation grants), so reported acquisition value is $0. These are grants (code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-25 (filed 2026-02-27)
• Grants: 2,220 shares @ $0.00 (F1); 3,075 shares @ $0.00 (F2) — total 5,295 shares
• Reported acquisition value: $0 (compensation awards)
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes: F1 = restricted stock award with 3-year vesting (1/3 each year); F2 = restricted stock award with 3-year cliff vesting (vests at end of 3 years)
• Transaction type: Award/Grant (code A); no 10b5-1 plan, cashless exercise, or tax-withholding details provided
• Filing timeliness: filed two days after the transaction date; filing appears timely based on the provided dates

Context

• These awards are compensation/retention grants rather than market purchases or sales and should be viewed as part of executive pay and incentives. The differing vesting schedules (fractional annual vesting vs. cliff vesting) affect when Speare will gain full ownership and potential ability to sell the shares.