Form 4: Bar Harbor Bankshares CEO Increases Stock Holdings

Bar Harbor Bankshares President and CEO Curtis C. Simard acquired additional common stock through a dividend reinvestment plan, increasing his indirect beneficial ownership.

Summary

• Curtis C. Simard, President/CEO and Director of Bar Harbor Bankshares (BHB), acquired additional common stock.
• The transactions occurred on December 19, 2025.
• Simard acquired 703.533 shares at $33.25 per share and 46.6022 shares at $33.42 per share.
• These shares were acquired through the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan.
• The acquisitions are exempt under Rule 16b-3(d) of the Securities Exchange Act of 1934.
• Following these transactions, Simard indirectly beneficially owns 124,096.1241 shares of common stock through the Curtis C. Simard Revocable Trust.
• Additionally, Simard indirectly owns 1,917 shares via a 401(k) plan.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by the CEO, particularly through a dividend reinvestment plan, indicates strong insider confidence in the company's long-term value and prospects. This is generally viewed positively by the market.

Positives

• Increased insider ownership by the President/CEO and Director, signaling confidence in the company's future prospects.
• Acquisition through a dividend reinvestment plan indicates a long-term investment strategy.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider purchases, particularly by top executives like the CEO, are often viewed by the market as a positive signal, suggesting management's belief in the company's undervaluation or strong future performance. In the banking sector, such actions can reinforce investor confidence in the stability and growth prospects of the institution.

Related Party Transactions

• The shares are held indirectly by the Curtis C. Simard Revocable Trust, indicating a transaction involving a related party (the CEO's trust).

Stakeholder Impact

• Shareholders: May view the CEO's increased stake as a positive indicator of management confidence, potentially bolstering investor sentiment.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.

Key Dates

Recommendation

The CEO's decision to increase his stake in Bar Harbor Bankshares through a dividend reinvestment plan signals confidence in the company's future. While not a large enough transaction to warrant a 'buy' recommendation on its own, it reinforces a 'hold' position for existing investors and suggests stability for potential investors, indicating management believes in the company's long-term value.

Keywords

Bar Harbor Bankshares, BHB, Curtis C. Simard, Insider Trading, Form 4, Stock Acquisition, Dividend Reinvestment, CEO, Director, Financial Services, Banking