Form 4: Camden National EVP Andrew Forbes Receives Stock Grant

Camden National Corporation EVP Andrew Forbes acquired 1,036 shares of common stock via a restricted stock award grant.

Summary

• Andrew Forbes, Executive Vice President at Camden National Corporation (CAC), was granted 1,036 shares of common stock.
• The transaction occurred on April 28, 2026, at a price of $50.67 per share.
• Following this transaction, Forbes holds a total of 6,147 shares of common stock directly.
• The grant is part of the issuer's 2022 Equity and Incentive Plan and Amendment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding executive compensation, which is neutral in terms of immediate market impact.

Positives

• The grant aligns executive interests with shareholder value through equity ownership.
• The shares are subject to a three-year pro-rata vesting schedule, encouraging long-term retention.

Negatives

• None identified.

Risks

• Vesting is contingent upon continued employment, creating a risk of forfeiture if the executive leaves the company.

Future Outlook

The restricted stock awards are scheduled to vest pro-rata over the next three years, contingent upon continued employment.

Industry Context

StockSavvy.ai notes that equity grants to executive leadership are standard corporate governance practices designed to incentivize performance and align management with long-term shareholder interests in the regional banking sector.

Comparison to Industry Standards

• The use of a three-year pro-rata vesting schedule is consistent with standard executive compensation practices among U.S. regional banks.
• Restricted stock awards are a common tool for retention in the financial services industry.

Stakeholder Impact

• Shareholders may view the increased equity stake of an EVP as a positive signal of management confidence in the company's future.

Next Steps

• Vesting of the 1,036 restricted stock units over the next three years.

Key Dates

Keywords

Camden National Corporation, CAC, Form 4, Insider Trading, Equity Incentive Plan, Executive Compensation