Form 4: Camden National Corp Director Marie J. McCarthy Reports Acquisition of Shares

Director Marie J. McCarthy reports acquiring 278 shares of Camden National Corp common stock at $40.18 per share in lieu of director fees, increasing total holdings to 12,588.66 shares.

Summary

• On September 20, 2024, Marie J. McCarthy, a director of Camden National Corp, acquired 278 shares of common stock.
• The shares were acquired at a price of $40.18 per share.
• This acquisition was made under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees.
• Following the transaction, McCarthy's total beneficial ownership of Camden National Corp common stock is 12,588.66 shares, which includes 118.70 shares acquired since the last filing through the company's dividend reinvestment program.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive signal, but it's a routine transaction.

Positives

• The director's participation in the equity and incentive plan demonstrates alignment with shareholder interests.
• The director's participation in the dividend reinvestment program shows a long-term investment perspective.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies. It reflects standard practices for compensating board members and encouraging ownership alignment.

Comparison to Industry Standards

• Director compensation through equity grants is a common practice among publicly traded companies, particularly in the financial sector.
• Companies like Bank of America and JP Morgan Chase also utilize equity-based compensation plans for their directors.
• The amount of equity granted to directors varies based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The transaction has no material impact on employees, customers, suppliers, or creditors.

Key Dates