Form 4: Camden National Corp EVP Acquires Shares Under Management Stock Purchase Plan

David Ackley, EVP of Camden National Corp, reports the acquisition of 609 shares of common stock at $31.28 per share under the company's Management Stock Purchase Plan.

Summary

• On March 6, 2025, David Ackley, an Executive Vice President at Camden National Corp, acquired 609 shares of common stock.
• The shares were purchased at a price of $31.28 each, under the Third Amended and Restated Management Stock Purchase Plan (MSPP).
• These shares will cliff-vest two years after the issuance date.
• Following the transaction, Ackley directly owns 9,589.069 shares of Camden National Corp, which includes 5,005 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects an executive's investment in the company, which is generally viewed favorably, but it's a routine transaction under an existing plan.

Positives

• The acquisition of shares by an executive may signal confidence in the company's future performance.

Industry Context

Executive stock purchases are common and often viewed as a positive sign, indicating management's belief in the company's prospects. The MSPP provides a mechanism for executives to increase their stake in the company.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders due to the signal of confidence from an executive's stock purchase.

Key Dates