Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-11

Carter Bankshares, Inc. (CARE)

CEO Litz Van Dyke was paid $1,355,859 in fiscal year 2025, ↑ up 3.7% from fiscal year 2024, the 12th percentile of its disclosed peer group (SEC filing 0001829576-26-000027 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,355,859 ↑
Litz Van Dyke total, FY2025
12th
CEO pay percentile vs peers
23:1
CEO-to-median pay ratio
94.41%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Litz Van Dyke (CEO of the Company and the Bank), FY2025 total compensation $1,355,859 (base salary $703,114) [exec_comp, SEC accession 0001829576-26-000027, filed 2026-04-15]

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CARE's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Litz Van Dyke$703,114$122,648$300,030$0$183,300$0$46,767$1,355,859
CEO of the Company and the Bank
Bradford Langs577,78892,903160,0360138,828050,7191,020,274
President and Chief Strategy Officer of the Bank
Wendy Bell429,71863,289122,020094,586037,104746,717
CFO of the Company; Senior Executive Vice President and CFO of the Bank
Matthew Speare401,06355,909118,034083,554041,877700,437
Senior Executive Vice President and Chief Operations Officer of the Bank
Tony Kallsen365,44450,94680,018076,123035,716608,247
Senior Executive Vice President and Chief Credit Officer of the Bank

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Litz Van Dyke$1,355,859$1,307,912$784,630↑ +47,947
Bradford Langs1,020,2741,026,011636,533↓ −5,737
Wendy Bell746,717779,624494,583↓ −32,907
Matthew Speare700,437725,783469,227↓ −25,346
Tony Kallsen608,247630,861425,804↓ −22,614

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$1,355,859 Litz Van Dyke total, FY2025

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Data as of September 11, 2026 · Source: 0001829576-26-000027 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against CARE
10 companies name CARE as a compensation peer

Each company listed discloses CARE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CARE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Catharine L. MidkiffIndependent Director$83,014
Curtis E. StephensIndependent Director$75,014
E. Warren MatthewsFormer director (through FY2025)$50,514
Elizabeth L. WalshIndependent Director$75,014
Gregory W. FeldmannLead Independent Director$93,014
Jacob A. Lutz, IIIIndependent Director$83,014
James W. HaskinsChair of the Board$108,014
Kevin S. BloomfieldIndependent Director$75,014
Michael R. BirdIndependent Director$89,014
Phyllis Q. KaravatakisDirector$75,014
Robert M. BoltonIndependent Director$75,014
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jane Ann DavisEVP, CHIEF ADMIN. OFFICER2026-04-20D296$24$7,175CommonForm 4 ↗
Arthur Loran AdamsEVP, DIRECTOR OF REG RISK MNGT2026-04-27A1,65000CommonForm 4 ↗
Jane Ann DavisEVP, CHIEF ADMIN. OFFICER2026-04-27A1,85000CommonForm 4 ↗
James W. HaskinsDirector2026-05-05D1,0002626,040CommonForm 4 ↗
Elizabeth L. WalshDirector2026-05-06A4,57526119,865CommonForm 4 ↗
Elizabeth L. WalshDirector2026-05-08D72500CommonForm 4 ↗
Bradford LangsPRESIDENT, CHIEF STRATEGY OFCR2026-05-12D5,50026145,558CommonForm 4 ↗
Jane Ann DavisEVP, CHIEF ADMIN. OFFICER2026-05-21D261277,034CommonForm 4 ↗
Tony KallsenSEVP, CHIEF CREDIT OFFICER2026-06-30A5,47200CommonForm 4 ↗
Wendy BellSENIOR EXECUTIVE VP, CFO2026-06-30A6,42800CommonForm 4 ↗
Matthew SpeareSEVP, CHIEF OPERATING OFFICER2026-06-30A5,00500CommonForm 4 ↗
Arthur Loran AdamsEVP, DIRECTOR OF REG RISK MNGT2026-06-30A3,24000CommonForm 4 ↗
Bradford LangsPRESIDENT, CHIEF STRATEGY OFCR2026-06-30A8,64900CommonForm 4 ↗
Van Dyke Litz HDirector2026-06-30A12,30000CommonForm 4 ↗
Jane Ann DavisEVP, CHIEF ADMIN. OFFICER2026-06-30A3,60400CommonForm 4 ↗
Robert M. BoltonDirector2026-07-30D1,5003551,900CommonForm 4 ↗
Bradford LangsPRESIDENT, CHIEF STRATEGY OFCR2026-07-30D2,5003586,340CommonForm 4 ↗
Gregory W. FeldmannDirector2026-08-04D280359,845CommonForm 4 ↗
Catharine L. MidkiffDirector2026-09-11D1,0003131,250CommonForm 4 ↗
Catharine L. MidkiffDirector2026-09-11D1,0003131,250CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Litz Van DykeRSU2025-02-27——8,279—$150,015
Wendy BellRSU2025-02-27——3,367—61,010
Matthew SpeareRSU2025-02-27——3,257—59,017
Litz Van DykePSU2025-02-27—1,655—9,106150,015
Matthew SpearePSU2025-02-27—651—3,58259,017
Bradford LangsPSU2025-02-27—883—4,85780,018
Tony KallsenPSU2025-02-27—441—2,42940,009
Wendy BellPSU2025-02-27—673—3,70461,010
Bradford LangsRSU2025-02-27——4,416—80,018
Tony KallsenRSU2025-02-27——2,208—40,009
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Litz Van Dyke$150,015$150,015$050.0%
Wendy Bell61,01061,010050.0%
Matthew Speare59,01759,017050.0%
Bradford Langs80,01880,018050.0%
Tony Kallsen40,00940,009050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Matthew SpeareRSU812—$15,964
Bradford LangsRSU3,596—70,697
Matthew SpeareRSU3,257—64,033
Bradford LangsRSU4,464—87,762
Tony KallsenRSU812—15,964
Tony KallsenRSU2,437—47,911
Tony KallsenRSU2,824—55,520
Wendy BellRSU2,724—53,554
Matthew SpeareRSU651—12,799
Matthew SpeareRSU2,437—47,911
Bradford LangsRSU1,619—31,830
Bradford LangsRSU883—17,360
Wendy BellRSU673—13,231
Wendy BellRSU3,325—65,370
Tony KallsenRSU743—14,607
Wendy BellRSU3,367—66,195
Bradford LangsRSU2,812—55,284
Matthew SpeareRSU2,619—51,490
Tony KallsenRSU2,208—43,409
Bradford LangsRSU1,678—32,989
Wendy BellRSU1,271—24,988
Wendy BellRSU1,227—24,123
Tony KallsenRSU441—8,670
Bradford LangsRSU4,416—86,819
Matthew SpeareRSU3,100—60,946
Tony KallsenRSU1,741—34,228
Wendy BellRSU2,437—47,911
Matthew SpeareRSU1,222—24,025
05

Incentive-plan design — the Compensation Discussion & Analysis

The Committee considers the peer data to ensure that the Company s compensation programs are competitive and close to the median of market practices of the peer companies, although for certain positions the Company s cash and short-term incentive compensation remains slightly below the median of the peer group but within an overall competitive range.

CEO STI target (% of salary)65%
CEO LTI target (% of salary)—
Independent consultantArthur J. Gallagher & Co.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2711,748,459695,815169,76794.41%Passed
20252025-05-2812,652,4561,006,69765,43292.63%Passed
20242024-05-2211,055,8731,789,635191,10086.07%Passed
20232023-05-2411,729,9351,972,642867,35485.6%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2794.41%a
20252025-05-2892.63%b
20242024-05-2286.07%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are counted for purposes of determining the presence or absence of a quorum for the transaction of business at the Annual Meeting, but will have no effect on the outcome of any of the proposals.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are counted for purposes of determining the presence or absence of a quorum for the transaction of business at the Annual Meeting, but will have no effect on the outcome of any of the proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are counted for purposes of determining the presence or absence of a quorum for the transaction of business at the Annual Meeting, but will have no effect on the outcome of any of the proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)23 : 1
CEO total compensation$1,355,859
Median employee compensation$59,153
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James W. HaskinsNot independent · Board Chair$75,000$33,014$0$0$0$108,014
Gregory W. FeldmannIndependent · Lead Independent Director · Nominating and Compensation (Chair) · Investment/Interest Rate Risk (Chair) · ERM60,00033,01400093,014
Michael R. BirdIndependent · Audit (Chair)56,00033,01400089,014
Catharine L. MidkiffIndependent · Audit50,00033,01400083,014
Jacob A. Lutz, IIIIndependent · Nominating and Compensation · Credit Risk (Chair)50,00033,01400083,014
Phyllis Q. KaravatakisNot independent42,00033,01400075,014
Kevin S. BloomfieldIndependent · Audit · Nominating and Compensation42,00033,01400075,014
Robert M. BoltonIndependent · Credit Risk · ERM42,00033,01400075,014
Curtis E. StephensIndependent · Nominating and Compensation42,00033,01400075,014
Elizabeth L. WalshIndependent · Audit · ERM (Chair)42,00033,01400075,014
E. Warren MatthewsIndependent · Audit · Nominating and Compensation · Not standing for re-election · Departed during FY17,50033,01400050,514
Litz H. Van DykeEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$38,800
Annual equity retainer$30,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)7,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$518,500
Equity awards (grant-date value)$363,154
All other compensation$0
Total cost of the board$881,654

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Carter Bankshares, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Carter Bankshares, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1MVB Financial Corp.2025Larry Mazza$850,000$600,368$0$1,381,208$5,056,856
2Orrstown Financial Services, Inc.2025Thomas Quinn812,317599,9690549,0544,222,617
3Stock Yards Bancorp, Inc.2025James Hillebrand875,000656,250218,7501,487,5003,380,337
4Capital City Bank Group, Inc.2025William G. Smith, Jr.511,667371,11001,284,2533,135,873
5Burke & Herbert Financial Services Corp.2025David Boyle868,846806,88701,064,6423,014,541
6First Financial Corporation2025Norman D. Lowery675,350523,5030486,2522,395,725
7Mid Penn Bancorp, Inc.2025Rory Ritrievi773,077257,2000334,4002,209,726
8Primis Financial Corp.2025Dennis Zember, Jr.748,590912,6000435,5782,185,079
9Univest Financial Corporation2025Jeffrey Schweitzer830,000539,5330663,2342,097,674
10Bar Harbor Bankshares2025Curtis Simard760,000494,000—627,0001,925,946
11City Holding Company2025Charles Hageboeck699,000404,8670796,8601,922,194
12Washington Trust Bancorp, Inc.2025Edward O. Handy III810,165486,8680440,0001,864,227
13Great Southern Bancorp, Inc.2025Joseph Turner518,072093,756872,9701,815,277
14Shore Bancshares, Inc.2025James Burke700,000524,9780397,7171,772,098
15SmartFinancial, Inc.2025William Carroll, Jr.657,297476,7570509,4331,717,633
16Community Trust Bancorp, Inc.2025Mark Gooch721,962137,0900740,4001,639,760
17Arrow Financial Corporation2025David DeMarco715,850243,2650379,4011,572,406
18CNB Financial Corporation2025Michael D. Peduzzi653,993270,6720309,2731,500,484
19Peoples Bancorp Inc.2025Tyler Wilcox700,000259,1950416,8001,500,327
20HomeTrust Bancshares, Inc.2025C. Hunter Westbrook675,769349,4000422,5301,487,191
21C&F Financial Corporation2025Thomas Cherry600,000296,8040305,0001,471,984
22Carter Bankshares, Inc.2025Litz Van Dyke703,114300,0300183,3001,355,859
23First Community Bankshares, Inc.2025William Stafford499,612146,0380316,0201,122,497
24Peoples Financial Services Corp.2025Gerard Champi557,000162,4000204,0201,068,323
25Republic Bancorp, Inc.2025Steven Trager473,84800500,0001,023,867

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Carter Bankshares, Inc.67%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR)Arthur J. Gallagher & Co.
Arrow Financial Corporation106%Restricted Stock 100not disclosedPearl Meyer & Partners, LLC
Bar Harbor Bankshares150%PSU 50 · RSU 50NoAon Corporation
Burke & Herbert Financial Services Corp.113%PSU 100Nonot disclosed
C&F Financial Corporation113%not disclosedNoMeridian Compensation Partners LLC
Capital City Bank Group, Inc.160.63%PSU 60 · Cash LTI 40NoBlanchard Consulting Group
City Holding Companynot disclosedPSU 60 · RSU 40Yes — Total Shareholder Return (TSR)McLagan
CNB Financial Corporation47.29%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Community Trust Bancorp, Inc.75%not disclosedNoPearl Meyer
First Community Bankshares, Inc.85.61%PRSU 70 · RSU 30NoAon
First Financial Corporationnot disclosednot disclosedNoPearl Meyer
Great Southern Bancorp, Inc.not disclosedOption 100not disclosedPearl Meyer & Partners, LLC
HomeTrust Bancshares, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Mid Penn Bancorp, Inc.104.5%RSU 100not disclosedMeridian Compensation Partners
MVB Financial Corp.216.66%RSU 50 · PRSU 50NoPay Governance LLC
Orrstown Financial Services, Inc.67%RSU 50 · PSU 50NoAon
Peoples Bancorp Inc.60%Restricted Common Shares 100NoPay Governance
Peoples Financial Services Corp.104%PRSU 50 · RSU 50NoPearl Meyer & Partners, LLC
Primis Financial Corp.116%PSU 70 · RSU 30Nothe Consultant
Republic Bancorp, Inc.100%not disclosedNoInnovative Compensation and Benefits Concepts
Shore Bancshares, Inc.113.63%PSU 50 · RSU 50NoAon
SmartFinancial, Inc.127.3%RSU 100NoBlanchard Consulting Group
Stock Yards Bancorp, Inc.200%not disclosedNoAon
Univest Financial Corporation122.9%PSU 70 · RSU 30NoAon plc
Washington Trust Bancorp, Inc.108.6%PSU 50 · RSU 50NoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Carter Bankshares, Inc. in fiscal 2025?
As disclosed, Litz Van Dyke (CEO of the Company and the Bank) was the highest-paid executive at Carter Bankshares, Inc. in fiscal 2025, with total compensation of $1,355,859.
How does Carter Bankshares, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Litz Van Dyke's total compensation ranked at the 12th percentile of Carter Bankshares, Inc.'s disclosed peer group.
What is Carter Bankshares, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Carter Bankshares, Inc.'s CEO-to-median employee pay ratio was 23:1.
How did shareholders vote on Carter Bankshares, Inc.'s executive compensation?
As disclosed, 94.41% of shareholders supported Carter Bankshares, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Carter Bankshares, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Carter Bankshares, Inc. reported total board compensation of $881,654 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Litz Van DykeDEF 14A2026-04-150001829576-26-000027Section “Summary Compensation Table”. As printed: 1,355,859. Filing ↗machine: t13 · r2 · c7 · span 396094–396104
2Section 01, Bradford LangsDEF 14A2026-04-150001829576-26-000027Section “Summary Compensation Table”. As printed: 1,020,274. Filing ↗machine: r6 · c21 · span 405321–405331
3Section 01, Wendy BellDEF 14A2026-04-150001829576-26-000027Section “Summary Compensation Table”. As printed: 746,717. Filing ↗machine: r10 · c21 · span 414480–414488
4Section 01, Matthew SpeareDEF 14A2026-04-150001829576-26-000027Section “Summary Compensation Table”. As printed: 700,437. Filing ↗machine: r18 · c21 · span 433219–433227
5Section 01, Tony KallsenDEF 14A2026-04-150001829576-26-000027Section “Summary Compensation Table”. As printed: 608,247. Filing ↗machine: r14 · c21 · span 423714–423722
6Section 03, Litz Van Dyke RSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 494941–494949
7Section 03, Wendy Bell RSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Matthew Speare RSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
9Section 03, Litz Van Dyke PSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 498851–498859
10Section 03, Matthew Speare PSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 559221–559228
11Section 03, Bradford Langs PSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 514392–514399
12Section 03, Tony Kallsen PSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 544276–544283
13Section 03, Wendy Bell PSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 529333–529340
14Section 03, Bradford Langs RSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
15Section 03, Tony Kallsen RSUDEF 14A1900-01-010001829576-26-000027Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
16Section 07, pay ratioDEF 14A2026-04-150001829576-26-000027Section “CEO Pay Ratio”. As printed: 23 : 1. Filing ↗machine: span 385613–385615
17Section 08, James W. HaskinsDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 108,014. Filing ↗machine: t29 · r6 · c3 · span 927262–927466
18Section 08, Gregory W. FeldmannDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 93,014. Filing ↗machine: t29 · r5 · c3 · span 925724–925927
19Section 08, Michael R. BirdDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 89,014. Filing ↗machine: t29 · r2 · c3 · span 921116–921319
20Section 08, Catharine L. MidkiffDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 83,014. Filing ↗machine: t29 · r10 · c3 · span 933577–933780
21Section 08, Jacob A. Lutz, IIIDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 83,014. Filing ↗machine: t29 · r8 · c3 · span 930332–930535
22Section 08, Phyllis Q. KaravatakisDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 75,014. Filing ↗machine: t29 · r7 · c3 · span 928798–929001
23Section 08, Kevin S. BloomfieldDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 75,014. Filing ↗machine: t29 · r3 · c3 · span 922651–922854
24Section 08, Robert M. BoltonDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 75,014. Filing ↗machine: t29 · r4 · c3 · span 924189–924392
25Section 08, Curtis E. StephensDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 75,014. Filing ↗machine: t29 · r11 · c3 · span 935117–935320
26Section 08, Elizabeth L. WalshDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 75,014. Filing ↗machine: t29 · r12 · c3 · span 936787–936990
27Section 08, E. Warren MatthewsDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 50,514. Filing ↗machine: t29 · r9 · c3 · span 932041–932244
28Section 08, Litz H. Van DykeDEF 14A2026-04-150001829576-26-000027Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Jane Ann Davis 2026-04-20Form 42026-04-210001381258-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Arthur Loran Adams 2026-04-27Form 42026-04-290001825282-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Jane Ann Davis 2026-04-27Form 42026-04-290001381258-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, James W. Haskins 2026-05-05Form 42026-05-060001826160-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Elizabeth L. Walsh 2026-05-06Form 42026-05-070001829238-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Elizabeth L. Walsh 2026-05-08Form 42026-05-110001829238-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Bradford Langs 2026-05-12Form 42026-05-120001825274-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jane Ann Davis 2026-05-21Form 42026-05-260001381258-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Tony Kallsen 2026-06-30Form 42026-07-020001363527-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Wendy Bell 2026-06-30Form 42026-07-020001825266-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Matthew Speare 2026-06-30Form 42026-07-020001825575-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Arthur Loran Adams 2026-06-30Form 42026-07-020001825282-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Bradford Langs 2026-06-30Form 42026-07-020001825274-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Van Dyke Litz H 2026-06-30Form 42026-07-020001305347-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jane Ann Davis 2026-06-30Form 42026-07-020001381258-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Robert M. Bolton 2026-07-30Form 42026-07-300001578180-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Bradford Langs 2026-07-30Form 42026-07-300001825274-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Gregory W. Feldmann 2026-08-04Form 42026-08-050001299386-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Catharine L. Midkiff 2026-09-11Form 42026-09-110001825354-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Catharine L. Midkiff 2026-09-11Form 42026-09-110001825354-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
49Section 06, 2026 voteForm 8-K2026-05-290001829576-26-000053Item 5.07 · say-on-pay result. As reported: 94.41% (votes for as printed: 11,748,459). Filing ↗
50Section 06, 2025 voteForm 8-K2025-05-290001829576-25-000048Item 5.07 · say-on-pay result. As reported: 92.63% (votes for as printed: 12,652,456). Filing ↗
51Section 06, 2024 voteForm 8-K2024-05-230001829576-24-000039Item 5.07 · say-on-pay result. As reported: 86.07% (votes for as printed: 11,055,873). Filing ↗
52Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
53Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
54Section 09b board cost (computed)Computed——Cash 518,500 + equity 363,154 + all other 0 = 881,654, summed across the director compensation table rows.machine: formula: Σ = 881,654
55MVB Financial Corp., Section 10b CEO totalDEF 14A2026-04-070001277902-26-000048CEO total compensation as printed in MVB Financial Corp.'s own proxy. As printed: 5,056,856. Filing ↗machine: r2 · c27 · span 558090–558100
56Orrstown Financial Services, Inc., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021726CEO total compensation as printed in Orrstown Financial Services, Inc.'s own proxy. As printed: 4,222,617. Filing ↗machine: r2 · c27 · span 634951–634960
57Stock Yards Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-120001437749-26-007879CEO total compensation as printed in Stock Yards Bancorp, Inc.'s own proxy. As printed: 3,380,337. Filing ↗machine: r3 · c32 · span 991255–991264
58Capital City Bank Group, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008786CEO total compensation as printed in Capital City Bank Group, Inc.'s own proxy. As printed: 3,135,873. Filing ↗machine: t149 · r2 · c25 · span 550486–550495
59Burke & Herbert Financial Services Corp., Section 10b CEO totalDEF 14A2026-04-300001964333-26-000052CEO total compensation as printed in Burke & Herbert Financial Services Corp.'s own proxy. As printed: 3,014,541. Filing ↗machine: span 547914–547923
60First Financial Corporation, Section 10b CEO totalDEF 14A2026-03-170000714562-26-000017CEO total compensation as printed in First Financial Corporation's own proxy. As printed: 2,395,725. Filing ↗machine: r2 · c8 · span 818114–818123
61Mid Penn Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-128769CEO total compensation as printed in Mid Penn Bancorp, Inc.'s own proxy. As printed: 2,209,726. Filing ↗machine: r3 · c35 · span 723945–723954
62Primis Financial Corp., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041860CEO total compensation as printed in Primis Financial Corp.'s own proxy. As printed: 2,185,079. Filing ↗machine: t76 · r8 · c23 · span 492432–492441
63Univest Financial Corporation, Section 10b CEO totalDEF 14A2026-03-130000102212-26-000015CEO total compensation as printed in Univest Financial Corporation's own proxy. As printed: 2,097,674. Filing ↗machine: r2 · c51 · span 398636–398645
64Bar Harbor Bankshares, Section 10b CEO totalDEF 14A2026-03-190001104659-26-032086CEO total compensation as printed in Bar Harbor Bankshares's own proxy. As printed: 1,925,946. Filing ↗
65City Holding Company, Section 10b CEO totalDEF 14A2026-03-270000726854-26-000092CEO total compensation as printed in City Holding Company's own proxy. As printed: 1,922,194. Filing ↗machine: r5 · c21 · span 511012–511021
66Washington Trust Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-170000737468-26-000040CEO total compensation as printed in Washington Trust Bancorp, Inc.'s own proxy. As printed: 1,864,227. Filing ↗machine: t46 · r3 · c17 · span 562234–562243
67Great Southern Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-310002077096-26-000017CEO total compensation as printed in Great Southern Bancorp, Inc.'s own proxy. As printed: 1,815,277. Filing ↗machine: r7 · c33 · span 320537–320546
68Shore Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-080001035092-26-000019CEO total compensation as printed in Shore Bancshares, Inc.'s own proxy. As printed: 1,772,098. Filing ↗machine: r2 · c24 · span 646564–646573
69SmartFinancial, Inc., Section 10b CEO totalDEF 14A2026-04-070001104659-26-040440CEO total compensation as printed in SmartFinancial, Inc.'s own proxy. As printed: 1,717,633. Filing ↗machine: t125 · r5 · c14 · span 980764–980773
70Community Trust Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-180001140361-26-009965CEO total compensation as printed in Community Trust Bancorp, Inc.'s own proxy. As printed: 1,639,760. Filing ↗machine: t117 · r1 · c6 · span 440283–440292
71Arrow Financial Corporation, Section 10b CEO totalDEF 14A2026-04-230000717538-26-000045CEO total compensation as printed in Arrow Financial Corporation's own proxy. As printed: 1,572,406. Filing ↗machine: span 519962–519971
72CNB Financial Corporation, Section 10b CEO totalDEF 14A2026-03-160000736772-26-000035CEO total compensation as printed in CNB Financial Corporation's own proxy. As printed: 1,500,484. Filing ↗machine: span 677260–677269
73Peoples Bancorp Inc., Section 10b CEO totalDEF 14A2026-03-060000318300-26-000104CEO total compensation as printed in Peoples Bancorp Inc.'s own proxy. As printed: 1,500,327. Filing ↗machine: span 1008837–1008847
74HomeTrust Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-070001538263-26-000032CEO total compensation as printed in HomeTrust Bancshares, Inc.'s own proxy. As printed: 1,487,191. Filing ↗machine: span 442986–442995
75C&F Financial Corporation, Section 10b CEO totalDEF 14A2026-03-110000913341-26-000015CEO total compensation as printed in C&F Financial Corporation's own proxy. As printed: 1,471,984. Filing ↗
76Carter Bankshares, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-150001829576-26-000027CEO total compensation as printed in Carter Bankshares, Inc.'s own proxy. As printed: 1,355,859. Filing ↗machine: t13 · r2 · c7 · span 396094–396104
77First Community Bankshares, Inc., Section 10b CEO totalDEF 14A2026-03-110001437749-26-007698CEO total compensation as printed in First Community Bankshares, Inc.'s own proxy. As printed: 1,122,497. Filing ↗machine: span 473799–473808
78Peoples Financial Services Corp., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041794CEO total compensation as printed in Peoples Financial Services Corp.'s own proxy. As printed: 1,068,323. Filing ↗machine: r8 · c16 · span 1077916–1077925
79Republic Bancorp, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027241CEO total compensation as printed in Republic Bancorp, Inc.'s own proxy. As printed: 1,023,867. Filing ↗machine: r12 · c18 · span 1683678–1683687
80Section 10a, HomeTrust Bancshares, Inc. reciprocityDEF 14A—0001538263-26-000032HomeTrust Bancshares, Inc. names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
81Section 10a, Bar Harbor Bankshares reciprocityDEF 14A—0001104659-26-032086Bar Harbor Bankshares's most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
82Section 10a, Washington Trust Bancorp, Inc. reciprocityDEF 14A—0000737468-26-000040Washington Trust Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
83Section 10a, Peoples Financial Services Corp. reciprocityDEF 14A—0001104659-26-041794Peoples Financial Services Corp.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
84Section 10a, Republic Bancorp, Inc. reciprocityDEF 14A—0001104659-26-027241Republic Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
85Section 10a, Community Trust Bancorp, Inc. reciprocityDEF 14A—0001140361-26-009965Community Trust Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
86Section 10a, City Holding Company reciprocityDEF 14A—0000726854-26-000092City Holding Company names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Orrstown Financial Services, Inc. reciprocityDEF 14A—0001628280-26-021726Orrstown Financial Services, Inc. names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
88Section 10a, MVB Financial Corp. reciprocityDEF 14A—0001277902-26-000048MVB Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
89Section 10a, First Financial Corporation reciprocityDEF 14A—0000714562-26-000017First Financial Corporation's most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
90Section 10a, Peoples Bancorp Inc. reciprocityDEF 14A—0000318300-26-000104Peoples Bancorp Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
91Section 10a, Stock Yards Bancorp, Inc. reciprocityDEF 14A—0001437749-26-007879Stock Yards Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
92Section 10a, C&F Financial Corporation reciprocityDEF 14A—0000913341-26-000015C&F Financial Corporation names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
93Section 10a, Capital City Bank Group, Inc. reciprocityDEF 14A—0001140361-26-008786Capital City Bank Group, Inc. names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, CNB Financial Corporation reciprocityDEF 14A—0000736772-26-000035CNB Financial Corporation names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, First Community Bankshares, Inc. reciprocityDEF 14A—0001437749-26-007698First Community Bankshares, Inc. names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Mid Penn Bancorp, Inc. reciprocityDEF 14A—0001193125-26-128769Mid Penn Bancorp, Inc.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
97Section 10a, Primis Financial Corp. reciprocityDEF 14A—0001104659-26-041860Primis Financial Corp.'s most recent proxy was read; its disclosed peer group does not include Carter Bankshares, Inc.. Filing ↗
98Section 10a, Shore Bancshares, Inc. reciprocityDEF 14A—0001035092-26-000019Shore Bancshares, Inc. names Carter Bankshares, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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