Form 4: Camden National Director Acquires Shares in Lieu of Fees

Camden National Corp. Director Lawrence J. Sterrs acquired 204 shares of common stock at $38.57 per share on June 20, 2025, as part of the company's equity plan.

Summary

• Lawrence J. Sterrs, a Director of Camden National Corp. (CAC), acquired 204 shares of the company's common stock.
• The transaction occurred on June 20, 2025, with shares acquired at a price of $38.57 per share.
• These shares were acquired under Camden National Corporation's 2022 Equity and Incentive Plan and Amendment, specifically in lieu of director fees.
• Following this acquisition, Mr. Sterrs directly holds 14,351.598 shares of Camden National Corp. common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, particularly in lieu of fees, generally indicates confidence in the company's future performance and aligns management interests with shareholders, which is a positive signal.

Positives

• Director Lawrence J. Sterrs increased his direct beneficial ownership in Camden National Corp. by acquiring 204 shares.
• The acquisition of shares in lieu of director fees demonstrates alignment of management interests with shareholder value and confidence in the company's future.

Future Outlook

This SEC Form 4 filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing represents a routine insider transaction where a director of Camden National Corp., a financial services company, acquired shares as part of their compensation. Such transactions are common across the banking and financial services industry, reflecting standard corporate governance and compensation practices.

Related Party Transactions

• Acquisition of 204 common shares by Director Lawrence J. Sterrs from Camden National Corp. under the company's 2022 Equity and Incentive Plan and Amendment, in lieu of director fees.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to direct share ownership, potentially signaling confidence in the company's future.

Key Dates

Recommendation

Keywords

Camden National Corp, CAC, SEC Form 4, Insider Transaction, Director Share Acquisition, Equity Plan, Stock Ownership, Financial Services, Banking