Form 4: Garrett McKnight Receives Camden National Stock Grant

Camden National Corp EVP Garrett McKnight acquired 1,139 shares of common stock via a restricted stock award grant.

Summary

• Garrett McKnight, EVP of Camden National Corp, was granted 1,139 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 6,509 shares directly.
• 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 neutral, routine regulatory disclosure regarding executive compensation that does not signal a change in company strategy or financial health.

Positives

• Alignment of executive interests with shareholders through equity-based compensation.
• Retention mechanism established via a three-year pro-rata vesting schedule.

Negatives

• None identified; this is a standard executive compensation disclosure.

Risks

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

Future Outlook

The shares are subject to a three-year pro-rata vesting schedule, indicating long-term retention of the executive.

Industry Context

StockSavvy.ai notes that equity grants to executives are standard practice in the banking sector to ensure long-term alignment with corporate performance and shareholder value.

Comparison to Industry Standards

• The use of a three-year pro-rata vesting schedule is consistent with standard corporate governance practices for regional banks like Camden National Corp.
• Equity-based compensation remains the industry benchmark for executive retention in the financial services sector.

Stakeholder Impact

• Shareholders benefit from the alignment of executive incentives with long-term company performance.

Next Steps

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

Key Dates

Keywords

Camden National Corp, CAC, Form 4, Insider Trading, Equity Compensation, Restricted Stock