Form 4: Bar Harbor Bankshares CEO Granted Restricted Stock

Bar Harbor Bankshares CEO Curtis C. Simard received a grant of 7,600 restricted common shares, increasing his indirect beneficial ownership.

Summary

• Curtis C. Simard, President/CEO and Director of Bar Harbor Bankshares, was granted 7,600 restricted common shares on February 10, 2026, at a price of $0 per share.
• Following this transaction, Simard's indirect beneficial ownership includes 132,496.1241 shares held by the Curtis C. Simard Revocable Trust and 2,147 shares held in a 401(k).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the grant of restricted stock aligns the CEO's financial interests with the long-term performance of Bar Harbor Bankshares.

Positives

• The grant of restricted stock aligns the CEO's long-term financial interests with those of the company's shareholders, potentially incentivizing sustained performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common form of executive compensation, often used to incentivize long-term performance and align management interests with shareholder value in the banking sector.

Comparison to Industry Standards

• Restricted stock grants are a standard component of executive compensation packages across various industries, including financial services.
• The specific size of the grant (7,600 shares) would typically be evaluated against peer compensation practices for similar roles and company sizes within the regional banking sector, such as Camden National Corporation (CAC) or Northeast Bank (NBN).

Related Party Transactions

• Grant of 7,600 restricted common shares to Curtis C. Simard, who serves as President/CEO and Director of Bar Harbor Bankshares.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of the CEO's interests with the company's long-term performance and value creation.

Key Dates

Recommendation

The grant of restricted stock to the CEO is a standard compensation practice that aligns management's long-term interests with shareholder value. While positive, it is a routine event and does not present new information significant enough to alter a fundamental investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

Bar Harbor Bankshares, BHB, Curtis C. Simard, restricted stock, insider transaction, beneficial ownership, CEO, director, stock grant