Form 4: Camden National Corp CEO Simon Griffiths Reports Stock Transactions

CEO Simon Griffiths reports acquisition of 8,414 shares and disposal of 776 shares of Camden National Corp stock.

Summary

• On April 29, 2025, Simon Griffiths, CEO of Camden National Corp, acquired 8,414 shares of common stock at a price of $39.22 per share.
• These shares were granted as restricted stock awards under the company's 2022 Equity and Incentive Plan, vesting pro-rata over three years, contingent upon continued employment.
• On April 30, 2025, Griffiths disposed of 776 shares at $38.52 per share to cover tax withholding obligations on vested restricted shares.
• Following these transactions, Griffiths beneficially owns 31,597 shares, including 23,858 restricted stock units and shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are part of a standard compensation plan and tax obligations.

Positives

• The grant of restricted stock awards aligns management's interests with those of shareholders, incentivizing long-term performance.

Negatives

• The disposal of shares to cover tax obligations, while common, slightly reduces the CEO's stake in the company.

Risks

• The vesting of restricted stock is contingent upon continued employment, creating a potential risk if the CEO were to leave the company before full vesting.

Future Outlook

The restricted stock awards are scheduled to vest pro-rata over the next three years, subject to continued employment.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be indicative of their confidence in the company's prospects.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Camden National Corp, Simon Griffiths, stock, restricted stock, Form 4, CEO, equity, transactions