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

Michael R. Archer, an EVP at Camden National Corp, acquired 862 shares of common stock at a discounted price under the company's Management Stock Purchase Plan.

Summary

• On March 6, 2025, Michael R. Archer, an Executive Vice President at Camden National Corp, acquired 862 shares of common stock.
• The shares were purchased at $31.28 each under the Third Amended and Restated Management Stock Purchase Plan (MSPP), representing a one-fourth discount from the closing share price on that date.
• These shares will cliff-vest two years after the issuance date.
• Archer also acquired 51.47 shares through the company's dividend reinvestment program since the last filing.
• Following the transaction, Archer beneficially owns 15,509.885 shares, which includes 9,669 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The executive's stock purchase suggests confidence in the company, but it's a routine transaction under an existing plan.

Positives

• Executive's participation in the Management Stock Purchase Plan demonstrates confidence in the company.
• Continued participation in the dividend reinvestment program increases share ownership.

Industry Context

Executive stock purchases are common in the financial industry and are often seen as a positive signal, indicating management's belief in the company's future performance.

Comparison to Industry Standards

• Management Stock Purchase Plans are a common form of executive compensation in the banking industry.
• The vesting schedule of two years is fairly standard for such plans.
• Comparing Archer's holdings and transactions to those of executives at peer banks like Bangor Savings Bank or Northeast Bancorp could provide further context.

Related Party Transactions

• The stock purchase under the Management Stock Purchase Plan is a related party transaction.

Stakeholder Impact

• The executive's stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates