Form 4: Camden National Corp Director Denekas Acquires 273 Shares in Lieu of Fees

Director Craig N Denekas acquired 273 shares of Camden National Corp common stock at $40.18 per share in lieu of director fees on September 20, 2024.

Summary

• On September 20, 2024, Craig N Denekas, a director of Camden National Corp, acquired 273 shares of common stock.
• The shares were acquired at a price of $40.18 per share.
• The acquisition was made under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees.
• Following the transaction, Denekas directly owns 12,959 shares of Camden National Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard transaction. The director taking shares instead of cash is a slightly positive sign.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of equity in lieu of fees conserves company cash.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive equity as part of their compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence and conserves cash.

Key Dates