Form 4: Camden National Corp Executive Vice President Renee Smyth Acquires 1,018 Shares

EVP Renee Smyth acquired 1,018 shares of Camden National Corp common stock on March 15, 2024, through a deferred stock award.

Summary

• On March 15, 2024, Renee Smyth, an Executive Vice President at Camden National Corp, acquired 1,018 shares of common stock.
• The acquisition was made through a deferred stock award under the Defined Contribution Retirement Plan (DCRP).
• The price per share for the acquisition was $0, as it was a deferred stock award.
• Following the transaction, Smyth beneficially owns 23,943.56 shares of Camden National Corp, which includes 8,370 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by an executive. While insider buying can be seen as a positive signal, this is a small transaction related to a deferred compensation plan.

Positives

• The acquisition of shares by an executive could be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from an executive.

Key Dates