Camden National (CAC) EVP receives 1,281 restricted stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rose Patricia A reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp EVP Patricia A. Rose received a grant of 1,281 shares of common stock valued at $50.67 per share. The award is in the form of restricted stock under the company’s 2022 Equity and Incentive Plan and its amendment.
The restricted shares are scheduled to vest pro-rata over the next three years, conditioned on continued employment through each vesting date. After this grant, Rose directly holds a total of 28,923.593 common shares, including 5,098 restricted stock units and restricted shares that remain subject to vesting and forfeiture terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rose Patricia A
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,281 | $50.67 | $65K |
Holdings After Transaction:
Common Stock — 28,923.593 shares (Direct, null)
Footnotes (1)
- 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. Includes 5,098 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Restricted stock grant: 1,281 shares
Grant reference price: $50.67 per share
Total holdings after grant: 28,923.593 shares
+2 more
5 metrics
Restricted stock grant
1,281 shares
Grant of common stock on April 28, 2026
Grant reference price
$50.67 per share
Value used for the restricted stock award
Total holdings after grant
28,923.593 shares
Direct common stock holdings following the transaction
Unvested restricted units/shares
5,098 units/shares
Restricted stock units and restricted shares subject to vesting and forfeiture
Vesting period
Three years
Restricted stock vests pro-rata over the next three years
Key Terms
restricted stock awards, 2022 Equity and Incentive Plan, vest pro-rata, restricted stock units, +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.
2022 Equity and Incentive Plan financial
"grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment"
vest pro-rata financial
"that are scheduled to vest pro-rata over the next three years"
restricted stock units financial
"Includes 5,098 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.
forfeiture restrictions financial
"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
FAQ
What insider transaction did Camden National Corp (CAC) report for Patricia A. Rose?
Camden National Corp reported that EVP Patricia A. Rose received a grant of 1,281 shares of common stock. The grant is a restricted stock award under the 2022 Equity and Incentive Plan and will vest over time, rather than being an open-market purchase or sale.
What are the vesting terms of the restricted stock granted to CAC executive Patricia A. Rose?
The restricted stock granted to Patricia A. Rose is scheduled to vest pro-rata over the next three years. Vesting depends on her continued employment through each vesting date. Each restricted share converts into one share of common stock upon vesting under the plan’s terms.
Is the Form 4 transaction for Camden National Corp EVP Patricia A. Rose a market purchase or a compensation award?
The Form 4 shows a compensation-related equity award, not a market purchase. The 1,281 shares were granted as restricted stock under the 2022 Equity and Incentive Plan, with vesting over three years, rather than being bought on the open market at the executive’s discretion.