Bar Harbor Bankshares (BHB) director acquires shares via DRIP at $32.66

Rhea-AI Filing Summary

Brian D. Shaw, a director of Bar Harbor Bankshares (BHB), reported a purchase of 26.725 shares of the issuer's common stock on 09/12/2025 at a price of $32.66 per share. The filing shows these shares were acquired through the company's Dividend Reinvestment and Direct Stock Purchase and Sale Plan and that the transaction is exempt under Rule 16b-3(d). Following the transaction, the reporting person is shown as beneficially owning 17,490.27 shares. The Form 4 was signed by an attorney-in-fact on 09/16/2025. The filing contains no additional compensatory or derivative transactions.

Positive

• Director participation in DRIP signals alignment with shareholder-focused compensation mechanisms
• Transaction reported under Rule 16b-3(d), indicating it arose from an approved company plan
• Complete disclosure of transaction date, share count, and price consistent with Section 16 reporting

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, routine DRIP purchase by a director; not material to company valuation.

The reported acquisition of 26.725 shares at $32.66 via the Dividend Reinvestment and Direct Stock Purchase Plan is a routine insider purchase that increases the director's stake to 17,490.27 shares. This transaction is disclosed as exempt under Rule 16b-3(d), indicating it stems from an established company plan rather than an opportunistic market trade. The absolute size of the purchase is small relative to typical institutional holdings and does not reflect any disclosed change in compensation, control, or debt structure. For investors, this is a housekeeping disclosure consistent with insider participation in company plans.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing plan participation; supports governance transparency.

The Form 4 documents compliance with Section 16 reporting by a director who acquired shares through the issuer's shareholder plan. Listing the Rule 16b-3(d) exemption clarifies the acquisition was part of an approved plan, reducing concerns about self-dealing or timing. The filing is properly signed by an attorney-in-fact and includes the required transaction details: date, share count, and price. No derivative instruments or amendments are indicated. This is a standard governance disclosure, demonstrating adherence to reporting obligations.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shaw Brian D

(Last) (First) (Middle)

PO BOX 400

82 MAIN STREET

(Street)

BAR HARBOR ME 04609

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BAR HARBOR BANKSHARES [ BHB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/12/2025		A(1)	V	26.725	A	$32.66	17,490.27	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were acquired through the reporting person's participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan, in a transaction exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934, as amended.

	/s/ Olivia Erickson, Attorney-in-Fact	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did BHB director Brian D. Shaw report on Form 4?

The Form 4 reports a purchase of 26.725 shares on 09/12/2025 at $32.66 per share.

How many shares does Brian D. Shaw beneficially own after the reported transaction?

The filing shows beneficial ownership of 17,490.27 shares following the transaction.

Why was the transaction exempt under Rule 16b-3(d)?

The filing states the shares were acquired through the company’s Dividend Reinvestment and Direct Stock Purchase and Sale Plan, which is referenced as the basis for the Rule 16b-3(d) exemption.

When was the Form 4 signed and filed for this transaction?

The signature block shows the form was signed by an attorney-in-fact on 09/16/2025.

Does the Form 4 report any derivative transactions or amendments?

No derivative securities, amendments, or additional transactions are reported in this Form 4.