Form 4: Camden National Corp Director Marie J McCarthy Acquires Shares

Director Marie J McCarthy acquired 461 shares of Camden National Corp common stock at $41.44 per share on March 20, 2025, through the company's equity and incentive plan.

Summary

• On March 20, 2025, Marie J McCarthy, a director of Camden National Corp, acquired 461 shares of common stock.
• The shares were acquired at a price of $41.44 per share.
• The acquisition was made under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees.
• Following the transaction, McCarthy beneficially owns 13,614.21 shares, which includes 118.23 shares acquired through the company's dividend reinvestment program since the last filing.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company. The acquisition is part of a standard equity incentive plan, so it's not an overwhelmingly positive event, but still a positive indicator.

Positives

• Director's participation in the equity and incentive plan demonstrates alignment with company performance.
• Continued participation in the dividend reinvestment program shows long-term commitment.

Industry Context

Directors acquiring shares in their own company is generally viewed positively by the market, as it signals confidence in the company's future prospects. This is a common practice among publicly traded companies to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Director share acquisitions are a common practice across the financial industry.
• Comparable companies like Bangor Savings Bank and Northeast Bancorp also have similar equity incentive plans for their directors.
• The size of the acquisition (461 shares) is relatively small, suggesting it's primarily for aligning interests rather than a major investment decision.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.
• It demonstrates alignment between management and shareholder interests.

Key Dates

Keywords

Camden National Corp, Director, Share Acquisition, Equity Incentive Plan, Dividend Reinvestment, Beneficial Ownership, Form 4