Form 4: Camden National EVP Barbara Raths Receives Stock Grant

Camden National Corporation EVP Barbara Raths acquired 1,105 shares of common stock via a restricted stock award grant.

Summary

• Barbara Raths, EVP of Camden National Corporation (CAC), was granted 1,105 shares of common stock.
• The transaction occurred on April 28, 2026, at a price of $50.67 per share.
• Following this transaction, the reporting person holds a total of 9,341 shares of common stock.
• The grant is part of the issuer's 2022 Equity and Incentive Plan and is subject to a three-year pro-rata vesting schedule.

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

• Alignment of executive interests with shareholders through equity-based compensation.
• Retention incentive for key management personnel via a three-year vesting schedule.

Negatives

• Minor dilution to existing shareholders resulting from the issuance of new restricted stock awards.

Risks

• Vesting is contingent upon continued employment, creating potential turnover risk if the executive departs before the three-year period concludes.

Future Outlook

The restricted stock awards are scheduled to vest pro-rata over the next three years, contingent upon the reporting person's continued employment with the issuer.

Industry Context

StockSavvy.ai notes that equity grants for bank executives are standard practice for aligning long-term performance incentives with shareholder value in the regional banking sector.

Comparison to Industry Standards

• The use of a three-year pro-rata vesting schedule is consistent with standard corporate governance practices for regional financial institutions.
• Equity-based compensation for EVPs is a common retention tool among peers such as Bar Harbor Bankshares or other New England-based community banks.

Stakeholder Impact

• Shareholders: Minor dilution impact.
• Management: Increased long-term incentive for the EVP.

Next Steps

• Vesting of the restricted stock awards over the next three years.

Key Dates

Keywords

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