Form 4: Camden National Director Acquires Stock

Camden National Corp Director Larry Haynes acquired 312 shares of common stock at $45.95 per share, increasing his beneficial ownership to 2,843.93 shares.

Summary

• Larry K. Haynes, a Director of Camden National Corp (CAC), acquired 312 shares of common stock.
• The transaction occurred on December 19, 2025, at a price of $45.95 per share.
• These shares were acquired under Camden National Corporation's 2022 Equity and Incentive Plan and Amendment, in lieu of director fees.
• Following this transaction, Mr. Haynes beneficially owns a total of 2,843.93 shares of common stock.
• The total beneficial ownership includes 25.50 shares acquired since the last filing through participation in the Company's dividend reinvestment program.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: A director's acquisition of shares, even as part of compensation, generally signals confidence in the company's future prospects and aligns management interests with shareholders, which is a moderately positive indicator.

Positives

• A director's acquisition of shares, even as compensation, generally signals confidence in the company's future prospects and aligns management interests with shareholders.
• The acquisition was part of an established equity and incentive plan, indicating a structured approach to director compensation.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction for a director of Camden National Corp, a regional bank. Such transactions are common and typically reflect compensation structures or personal investment decisions rather than broader industry trends.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal of management's alignment with shareholder interests and confidence in the company's performance.

Key Dates

Recommendation

While a director's acquisition of shares, even as compensation, can be seen as a positive signal of confidence, this single transaction is not substantial enough to warrant a 'buy' recommendation on its own. It reinforces a 'hold' position for existing investors, indicating no immediate negative catalysts from this specific event.

Keywords

Camden National Corp, CAC, Larry Haynes, Insider Trading, Form 4, Stock Acquisition, Director Compensation, Equity Plan, Dividend Reinvestment, Rule 10b5-1(c)