Form 4: Camden National Director Carl Soderberg Increases Stake Through Equity Grant and Dividend Reinvestment

Camden National Corp. Director Carl John Soderberg acquired 890 shares of common stock through an equity compensation program and an additional 1,041.247 shares via dividend reinvestment, increasing his total beneficial ownership to 98,499.879 shares.

Summary

• Carl John Soderberg, a Director of Camden National Corp. (CAC), acquired additional shares of common stock.
• On May 30, 2025, Soderberg was granted 890 shares of common stock under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan.
• These 890 shares vested immediately upon grant, and the acquisition price was $0 as it was a grant.
• Additionally, Soderberg acquired 1,041.247 shares through the Company's dividend reinvestment program since the last filing.
• Following these transactions, Soderberg's total beneficial ownership of Camden National Corp. common stock stands at 98,499.879 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates an increase in insider ownership through both an equity grant and dividend reinvestment, suggesting confidence in the company's future and alignment of interests with shareholders.

Positives

• Director Carl John Soderberg increased his beneficial ownership in Camden National Corp., signaling continued alignment with shareholder interests.
• The acquisition of 890 shares through an equity compensation program indicates the company's commitment to incentivizing its independent directors.
• The participation in the dividend reinvestment program for 1,041.247 shares demonstrates a long-term commitment and confidence in the company's performance and dividend policy.

Negatives

• No direct negatives identified in this Form 4 filing, as it reports an increase in insider ownership.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance, as its purpose is to report changes in beneficial ownership of securities by an insider.

Management Comments

• No direct management comments or quotes are provided in this Form 4 filing.

Industry Context

The acquisition of shares by a director through an equity compensation plan and dividend reinvestment is a common practice in the financial services industry, aligning management and board interests with those of shareholders. This type of transaction reflects standard corporate governance practices aimed at retaining and incentivizing key personnel.

Comparison to Industry Standards

• This Form 4 filing, reporting an insider's stock acquisition, does not provide sufficient data for a direct comparison to specific industry benchmarks or comparable companies' financial results or operational performance. However, the practice of granting equity to directors and offering dividend reinvestment plans is standard across publicly traded companies, including those in the financial sector like Camden National Corp.

Corporate Governance

Related Party Transactions

• The acquisition of 890 shares by Director Carl John Soderberg under the Independent Directors' Equity Compensation Program constitutes a related party transaction, as it involves compensation provided to a director.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively as it aligns the interests of a director with those of the shareholders, potentially signaling confidence in the company's future performance.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

Keywords

Camden National Corp, CAC, Form 4, Insider Trading, Beneficial Ownership, Equity Compensation, Director Stock Grant, Dividend Reinvestment, Soderberg