Form 4: Camden National Corp Director Hatfield Acquires Shares

Director Rebecca Hatfield acquired 248 shares of Camden National Corp common stock at $40.18 per share on September 20, 2024, under the company's 2022 Equity and Incentive Plan.

Summary

• On September 20, 2024, Rebecca Hatfield, a director of Camden National Corp, acquired 248 shares of common stock.
• The shares were acquired under the company's 2022 Equity and Incentive Plan in lieu of director fees.
• The price per share was $40.18.
• Following the transaction, Hatfield directly owns 4,954.16 shares of Camden National Corp, which includes 44.74 shares acquired through the dividend reinvestment program since the last filing.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their stake in the company, which is generally a good sign. However, it's a routine transaction related to compensation.

Positives

• Director's acquisition of shares reflects confidence in the company.
• Participation in the dividend reinvestment program increases holdings.

Industry Context

Directors acquiring company stock is generally viewed positively, as it aligns their interests with those of shareholders. It's a common practice for companies to offer equity-based compensation to directors and executives.

Comparison to Industry Standards

• Director share acquisitions are a common practice across the financial industry.
• Many regional banks like People's United Financial (now part of M&T Bank) and Bangor Savings Bank also utilize equity-based compensation for their directors.
• The specific amount and terms vary based on company size, performance, and compensation policies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates