Form 4: Camden National Corp Executive Patricia A. Rose Reports Acquisition of Restricted Stock Units

Patricia A. Rose, EVP of Camden National Corp, reports the acquisition of 332 restricted stock units, bringing her total beneficial ownership to 25,997.069 shares.

Summary

• On March 28, 2025, Patricia A. Rose, an Executive Vice President at Camden National Corp, acquired 332 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the issuer's 2022-2024 Long-Term Performance Share Plan and are scheduled to vest on April 26, 2025, contingent upon continued employment.
• Each restricted stock unit represents the right to receive one share of common stock upon vesting.
• Following this transaction, Rose's total beneficial ownership of Camden National Corp stock is 25,997.069 shares, which includes 7,610 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. The sentiment is neutral to positive.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• Continued employment is required for vesting, incentivizing the executive to remain with the company.

Risks

• The restricted stock units are subject to forfeiture if the executive's employment terminates before the vesting date.

Future Outlook

The executive's compensation is tied to the company's long-term performance through the vesting of restricted stock units.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, providing transparency.
• Employees may be motivated by the executive's vested interest in the company's success.

Key Dates

Keywords

restricted stock units, Camden National Corp, beneficial ownership, Form 4, executive compensation, insider trading