Camden National EVP granted 1,281 restricted shares
Smith Ryan A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Smith Ryan A reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp EVP Ryan A. Smith received an equity grant of 1,281 shares of Common Stock. The award was made as restricted stock under the company’s 2022 Equity and Incentive Plan and amendment at a value of $50.67 per share.
The restricted stock awards are scheduled to vest pro-rata over the next three years, contingent on his continued employment through each vesting date. Each restricted stock award represents the right to receive one share of common stock upon vesting. Following this grant, Smith directly holds 24,276 shares of Camden National common stock, which include 7,711 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,281 shares
Grant/Award
1 txn
Insider
Smith Ryan A
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,281 | $50.67 | $65K |
Holdings After Transaction:
Common Stock — 24,276 shares (Direct)
Footnotes (2)
- F1. Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment that are scheduled to vest pro-rata over the next three years, subject to continued employment through the vesting date. Each restricted stock award represents the right to receive one share of common stock at vesting.
- F2. Includes 7,711 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Restricted stock grant: 1,281 shares
Grant value per share: $50.67 per share
Total shares after grant: 24,276 shares
+2 more
5 metrics
Restricted stock grant
1,281 shares
Grant of Common Stock awards to EVP on April 28, 2026
Grant value per share
$50.67 per share
Value used for restricted stock awards
Total shares after grant
24,276 shares
Direct holdings of Ryan A. Smith following the transaction
Unvested restricted units/shares
7,711 units/shares
Restricted stock units and restricted shares subject to vesting and forfeiture
Vesting period
Three years
Restricted stock awards vest pro-rata over the next three years
Key Terms
restricted stock awards, restricted stock units, vesting, forfeiture restrictions, +1 more
5 terms
restricted stock awards financial
"Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
restricted stock units financial
"Includes 7,711 restricted stock units and restricted shares that are subject to vesting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"scheduled to vest pro-rata over the next three years, subject to continued employment"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture restrictions financial
"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
2022 Equity and Incentive Plan financial
"grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment"
FAQ
What insider transaction did Camden National (CAC) report for Ryan A. Smith?
Camden National reported that EVP Ryan A. Smith acquired 1,281 shares of Common Stock as a grant of restricted stock awards. The grant was recorded at $50.67 per share under the company’s 2022 Equity and Incentive Plan and related amendment.
How do the Camden National (CAC) restricted stock awards for Ryan A. Smith vest?
The restricted stock awards granted to Ryan A. Smith are scheduled to vest pro-rata over the next three years. Vesting is conditioned on his continued employment through each vesting date, aligning the equity award with ongoing service to Camden National.
What does each Camden National (CAC) restricted stock award represent for Ryan A. Smith?
Each restricted stock award granted to Ryan A. Smith represents the right to receive one share of Camden National common stock at vesting. These awards are subject to time-based vesting and forfeiture restrictions described under the company’s 2022 Equity and Incentive Plan.
Under which plan were the Camden National (CAC) restricted stock awards to Ryan A. Smith granted?
The restricted stock awards to Ryan A. Smith were granted under Camden National’s 2022 Equity and Incentive Plan and its amendment. This plan governs the terms, including vesting schedules and forfeiture provisions, for equity-based compensation awarded to eligible participants.
AI-generated analysis. How Rhea-AI works. Not financial advice.
