Form 4: BHB CEO Simard Increases Stake via Dividend Reinvestment

Bar Harbor Bankshares CEO Curtis C. Simard acquired additional common stock through the company's 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 September 12, 2025.
• Simard acquired 48.3154 shares at $32.84 per share and 962.9 shares at $32.66 per share.
• These shares were acquired through participation in 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's indirect beneficial ownership through the Curtis C. Simard Revocable Trust increased to 123,345.9889 shares.
• Simard also indirectly holds 1,917 shares via a 401(k) plan.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by the CEO, even if routine through a dividend reinvestment plan, generally indicates continued confidence in the company's prospects. While not a discretionary 'buy' signal, it's a positive reinforcement of insider alignment with shareholder interests.

Positives

• Increased insider ownership demonstrates management's continued confidence in the company's future performance.
• 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 transactions, particularly acquisitions through dividend reinvestment plans, are common in the banking sector. Such routine transactions typically signal a stable, long-term commitment from executives rather than a speculative move, aligning with the generally conservative nature of financial institutions.

Stakeholder Impact

• Shareholders may view the CEO's increased stake as a positive signal of management's commitment and belief in the company's long-term value.

Key Dates

Keywords

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