Speare Matthew M. 4

What Happened
Matthew M. Speare, Chief Operating Officer of Carter Bankshares (CARE), had 411 shares disposed on 2026-03-04 as a tax-withholding for an equity award or option exercise. The shares were valued at $20.98 each, for a total withholding value of $8,623. This is a routine tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-13 (filed late relative to the usual 2-business-day Form 4 window).
• Price per share: $20.98; Shares withheld/disposed: 411; Total value: $8,623.
• Transaction code: F (payment of exercise price or tax liability — shares withheld to satisfy tax obligations).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: late filing (reduces short-term transparency but does not itself indicate misconduct).

Context
Tax-withholding transactions are common when executives exercise options or when restricted stock vests; the company withholds (or the insider surrenders) shares to cover taxes. These net-withholding disposals are administrative and generally do not signal the insider actively selling shares for investment reasons.