Form 4: Camden National Director Larry Haynes Acquires Shares Through Equity Plan

Larry K. Haynes, a Director at Camden National Corp., acquired 372 shares of common stock on June 20, 2025, as part of the company's 2022 Equity and Incentive Plan.

Summary

• Larry K. Haynes, a Director of Camden National Corp. (CAC), acquired 372 shares of common stock.
• The transaction occurred on June 20, 2025, with shares priced at $38.57 each.
• 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 2,127.398 shares of common stock directly.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, particularly as part of an equity plan, generally indicates alignment of interests with shareholders and can be viewed as a positive signal of insider confidence, though the transaction size is relatively small.

Positives

• The acquisition of shares by a director indicates alignment of interests between management and shareholders.
• The use of an equity plan for director compensation is a common practice that ties director incentives to company performance.

Future Outlook

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

Industry Context

This transaction is a routine insider filing common in the financial services industry, where director compensation often includes equity components to align interests with shareholders. It reflects a standard practice for publicly traded companies like Camden National Corp. to use equity incentive plans for their board members.

Comparison to Industry Standards

• The acquisition of shares by directors as part of an equity and incentive plan is a widely accepted and standard practice across the financial services industry and other sectors for compensating board members.
• This method aligns director interests with shareholder value, similar to practices observed at comparable regional banks and financial institutions.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Larry K. Haynes from Camden National Corporation under an equity plan constitutes a related party transaction, which is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of a director's financial interests with the company's performance.

Key Dates

Keywords

Camden National Corp, CAC, Form 4, Insider Trading, Stock Acquisition, Director Compensation, Equity Plan, Larry K Haynes, Beneficial Ownership