Bell Wendy S. 4

What Happened

• Wendy S. Bell, Senior Executive Vice President and Chief Financial Officer of Carter Bankshares (CARE), had 435 shares withheld to cover tax liabilities related to a compensation event. The shares were valued at $20.98 each for a total of $9,126. This was a tax-withholding disposition (not an open-market sale or a new purchase), which is typically routine.

Key Details

• Transaction date: 2026-03-04; Price per share: $20.98; Shares withheld/disposed: 435; Total value: ~$9,126.
• Transaction code: F (payment of exercise price or tax liability by delivering or withholding securities).
• Filing date: 2026-03-13 (filed 9 days after the transaction date — appears late relative to the usual 2-business-day Form 4 deadline).
• Shares owned after the transaction: not specified in the information provided; see the SEC Form 4 (Accession 0001825266-26-000004) for full beneficial ownership details.

Context

• Code F events generally reflect withholding of shares to satisfy taxes on stock awards or option exercises (a cashless/tax-withholding method), not an outright sale to generate cash — often considered neutral and routine.
• For retail investors, these withholdings are administrative and don’t necessarily signal the insider’s view of the company’s outlook. Check the full Form 4 for any related option exercises or awards that triggered the withholding.