Carter Bankshares (CARE) executive compensation, 2026 proxy

Litz H. Van Dyke, CEO of the Company and the Bank, was paid $1.4M in fiscal 2025, up 4% from $1.3M the year before. The CEO-to-median-employee pay ratio was 23:1, on median employee pay of $59,153.

Filed
April 15, 2026
Annual meeting
May 27, 2026
Pay year
fiscal 2025
Named executives
5
CEO total pay
$1.4M+4% vs prior year
CEO to median employee
23:1median $59,153
CEO pay in equity
22%$300,030 in awards
CEO Target Bonus
$458,250Under annual incentive plan
Total Employees
690All US-based associates

How Dyke was paid

$1.4M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary52%Bonus9%Stock awards22%Non-equity incentive14%All other compensation3%

Named executive officers

ExecutiveTotal
Litz H. Van DykeCEO of the Company and the Bank$1,355,859
Bradford N. LangsPresident and Chief Strategy Officer of the Bank$1,020,274
Wendy S. BellCFO of the Company; Senior Executive Vice President and CFO of the Bank$746,717
Tony E. KallsenSenior Executive Vice President and Chief Credit Officer of the Bank$608,247
Matthew M. SpeareSenior Executive Vice President and Chief Operations Officer of the Bank$700,437

What changed and why

  • $1.4MCEO total compensation increased to $1,355,859 for fiscal 2025 compared to $1,307,912 in fiscal 2024.
  • Stock awards for named executive officers included time-based restricted stock and performance-based units.
  • Performance-based unit awards vest based on ROAA, core efficiency ratio, TSR, and non-performing assets ratio.
  • $59,153The median employee annual total compensation for fiscal 2025 was determined to be $59,153.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.