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

Director David C. Flanagan acquired 451 shares of Camden National Corp common stock in lieu of director fees on March 20, 2024.

Summary

• On March 20, 2024, David C. Flanagan, a director of Camden National Corp, acquired 451 shares of common stock.
• The acquisition was made under the company's 2022 Equity and Incentive Plan in lieu of director fees.
• The price per share was $32.31.
• Following the transaction, Flanagan directly owns 30,005.77 shares of Camden National Corp, which includes 321.23 shares acquired through the dividend reinvestment program since the last filing.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, but insider ownership is generally viewed positively.

Positives

• The director's acquisition of shares, even in lieu of fees, can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the director's increased stake in the company.

Key Dates