Carter Bankshares Executive Pay Details Revealed
Ticker: CARE · Form: DEF 14A · Filed: Apr 25, 2025 · CIK: 1829576
| Field | Detail |
|---|---|
| Company | Carter Bankshares, Inc. (CARE) |
| Form Type | DEF 14A |
| Filed Date | Apr 25, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
TL;DR
Carter Bankshares DEF 14A shows exec comp details for 2024, including equity awards.
AI Summary
Carter Bankshares, Inc. filed a DEF 14A on April 25, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes information on equity awards granted to its "PeoMember" (likely principal executive officer) for the years 2020 through 2024, with specific details on awards included in summary compensation tables and adjusted awards excluding certain reported values.
Why It Matters
This filing provides transparency into how Carter Bankshares compensates its top executives, which can influence investor decisions and corporate governance.
Risk Assessment
Risk Level: low — This is a routine filing providing information on executive compensation and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- 2020-2024 — Fiscal Years Covered (Executive compensation data spans these years)
Key Players & Entities
- Carter Bankshares, Inc. (company) — Filer of the DEF 14A
- 20250425 (date) — Filing date of the DEF 14A
- 2024-12-31 (date) — Fiscal year end for which compensation is reported
- PeoMember (person) — Designation for executive compensation reporting
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes and provides detailed information about matters to be voted on at a shareholder meeting, including executive compensation, director elections, and other corporate governance issues.
What specific compensation details are provided for the 'PeoMember'?
The filing indicates that details regarding equity awards granted to the 'PeoMember' are provided, including those reported in summary compensation tables and adjusted awards excluding certain reported values for the fiscal years 2020 through 2024.
What is the significance of the 'ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember' and 'ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember' tags?
These tags likely refer to specific data points within the filing related to equity awards granted to executives, distinguishing between awards reported in the summary compensation table and adjusted awards that exclude certain values.
What is the company's Standard Industrial Classification (SIC) code?
Carter Bankshares, Inc. has a SIC code of 6021, which corresponds to National Commercial Banks.
Where is Carter Bankshares, Inc. headquartered?
Carter Bankshares, Inc. is headquartered in Martinsville, Virginia, with its business and mailing addresses listed at 1300 Kings Mountain Road, Martinsville, VA 24112.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on April 25, 2025 by PeoMember regarding Carter Bankshares, Inc. (CARE).