Van Dyke Litz H 4

What Happened Van Dyke Litz H, CEO of Carter Bankshares (CARE), had 819 shares withheld on 2026-03-04 to cover tax liabilities (transaction code F). The withholding was recorded at $20.98 per share, for a total value of approximately $17,183. This was a tax-withholding disposition — not an open-market sale.

Key Details

• Transaction date: 2026-03-04
• Type: Tax withholding to satisfy tax liability (SEC Form 4 code F)
• Shares withheld/disposed: 819 at $20.98 per share
• Total value: ~$17,183
• Shares owned after the transaction: Not specified in the information provided
• Filing date: 2026-03-13 (this Form 4 appears to have been filed late vs. the typical 2-business-day rule)
• Footnote/implication: Code F indicates shares were retained by the company or issuer to cover taxes (common after option exercises or stock vesting)

Context Tax-withholding transactions are administrative: they reflect using shares to pay withholding obligations (often following option exercises or RSU vesting) rather than a discretionary sale on the open market. Such withholdings do not necessarily signal bullish or bearish views by the insider. The late filing is a reporting/timeliness issue but does not change the economic nature of the transaction.