Form 4: Camden National Corp EVP Barbara Raths Reports Stock Transactions

EVP Barbara Raths reports acquisition and disposal of Camden National Corp stock, including a grant of restricted stock awards and shares withheld for tax obligations.

Summary

• On April 29, 2025, Barbara Raths, an EVP at Camden National Corp, acquired 1,338 shares of common stock at a price of $39.22 per share.
• These shares were granted as restricted stock awards under the company's 2022 Equity and Incentive Plan, vesting pro-rata over three years, contingent upon continued employment.
• On April 30, 2025, Raths disposed of 104 shares at $38.52 per share to cover tax withholding obligations related to vested restricted shares.
• Following these transactions, Raths directly owns 7,438 shares of Camden National Corp, which includes 5,445 restricted stock units and shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral sentiment.

Positives

• The grant of restricted stock awards to executives like Barbara Raths aligns their interests with the long-term performance of Camden National Corp.
• The vesting schedule encourages continued employment and dedication to the company's success.

Risks

• The value of the restricted stock awards is subject to the market price fluctuations of Camden National Corp's common stock.
• Forfeiture restrictions on the restricted stock units and shares could result in the loss of potential gains if employment is terminated before vesting.

Future Outlook

The restricted stock awards are scheduled to vest pro-rata over the next three years, subject to continued employment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the financial services industry to incentivize executives and align their interests with shareholders.
• Comparable companies like Bangor Savings Bank and KeyCorp also utilize equity-based compensation plans for their executives.
• The vesting schedules and terms of these plans are generally similar across the industry, with vesting periods typically ranging from three to five years.

Stakeholder Impact

• The stock transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• The restricted stock awards incentivize the executive to contribute to the company's long-term success, which indirectly benefits all stakeholders.

Key Dates

Keywords

Camden National Corp, Barbara Raths, restricted stock, stock transaction, EVP, Form 4, equity, vesting