Director Rebecca Hatfield gets 919-share equity grant at Camden National (NASDAQ: CAC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hatfield Rebecca reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp director Rebecca Hatfield received a grant of 919 shares of common stock under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment. The award carried no purchase price and vested immediately on the grant date.
Following this compensation grant, Hatfield directly holds a total of 8,461.445 shares of Camden National common stock. A footnote also notes an additional 0.422 share accumulated since the prior filing through participation in the company’s dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hatfield Rebecca
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 919 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,461.445 shares (Direct, null)
Footnotes (1)
- Shares granted under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment; therefore, price is N/A. These shares vested immediately on the date of the grant. Consists of 0.422 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
Key Figures
Shares granted: 919 shares
Grant price: $0.0000 per share
Post-transaction holdings: 8,461.445 shares
+1 more
4 metrics
Shares granted
919 shares
Common stock grant to director on A-code transaction
Grant price
$0.0000 per share
Compensation award; price noted as N/A
Post-transaction holdings
8,461.445 shares
Total common shares directly held after grant
Dividend reinvestment
0.422 share
Additional share accumulated via dividend reinvestment since last filing
Key Terms
Independent Directors' Equity Compensation Program, 2022 Equity and Incentive Plan and Amendment, dividend reinvestment program, Grant, award, or other acquisition
4 terms
Independent Directors' Equity Compensation Program financial
"Shares granted under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment"
2022 Equity and Incentive Plan and Amendment financial
"a component of the 2022 Equity and Incentive Plan and Amendment; therefore, price is N/A"
dividend reinvestment program financial
"Consists of 0.422 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Camden National (CAC) director Rebecca Hatfield report in this Form 4?
Rebecca Hatfield reported receiving 919 shares of Camden National common stock as a compensation grant. The shares were issued under the Independent Directors' Equity Compensation Program and vested immediately, increasing her direct holdings to 8,461.445 shares after the transaction.
Was the Camden National (CAC) Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market purchase. It was a Form 4 code A grant, meaning Hatfield received 919 shares as a compensation award at no cost, under the company’s Independent Directors' Equity Compensation Program tied to the 2022 Equity and Incentive Plan.
What is the role of the Independent Directors' Equity Compensation Program at Camden National (CAC)?
The Independent Directors' Equity Compensation Program provides equity awards to non-employee directors. In this case, it granted 919 shares of common stock to Rebecca Hatfield under the company’s 2022 Equity and Incentive Plan and Amendment, serving as part of her overall board compensation.
What does the Form 4 say about Camden National (CAC) dividend reinvestment for Rebecca Hatfield?
A footnote explains that 0.422 share was acquired since the last filing through Camden National’s dividend reinvestment program. This reflects automatic reinvestment of cash dividends into additional fractional shares, separate from the 919-share compensation grant reported in the main transaction.