Camden National (CAC) EVP acquires 1,083 shares under discount plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp EVP Michael R. Archer acquired 1,083 shares of common stock on March 5, 2026 through a grant classified as a grant, award, or other acquisition. The transaction was priced at $34.58 per share under the Third Amended and Restated Management Stock Purchase Plan at a one-fourth discount to the Company’s March 5, 2026 closing share price.
These shares will cliff-vest two years after the issuance date. Following this award, Archer directly owns 19,001.073 shares of common stock, which includes 85.067 shares acquired through the dividend reinvestment program and 9,025 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Archer Michael R
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,083 | $34.58 | $37K |
Holdings After Transaction:
Common Stock — 19,001.073 shares (Direct)
Footnotes (1)
- Shares purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date. Includes 85.067 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program. Includes 9,025 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
FAQ
What insider transaction did Camden National (CAC) report for Michael R. Archer?
Camden National reported that EVP Michael R. Archer acquired 1,083 shares of common stock on March 5, 2026. The acquisition was recorded as a grant or award under a company stock purchase plan at a discounted price.
What is Michael R. Archer’s total direct ownership in Camden National (CAC) after this transaction?
After the transaction, Michael R. Archer directly owns 19,001.073 Camden National common shares. This figure includes shares obtained through dividend reinvestment and 9,025 restricted stock units and restricted shares subject to vesting and forfeiture conditions.
What role did Camden National’s Management Stock Purchase Plan play in this Form 4 transaction?
The Management Stock Purchase Plan enabled Archer to acquire 1,083 shares at a discounted price. The disclosure states these shares were purchased under the Third Amended and Restated Management Stock Purchase Plan at a one-fourth discount to the March 5, 2026 closing share price.