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Camden National (CAC) CEO awarded 6,919 restricted shares under 2022 plan

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp CEO Simon Griffiths received an equity grant of 6,919 shares of Common Stock, awarded as restricted stock under the company’s 2022 Equity and Incentive Plan and its amendment. The award is priced at $50.67 per share for reporting purposes.

The restricted stock is scheduled to vest pro rata over the next three years, subject to Griffiths’ continued employment through each vesting date. Each restricted stock award converts into one share of common stock at vesting. After this grant, he directly holds 44,399 shares, including 31,098 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

  • None.

Negative

  • None.
Insider Griffiths Simon
Role CEO
Type Security Shares Price Value
Grant/Award Common Stock 6,919 $50.67 $351K
Holdings After Transaction: Common Stock — 44,399 shares (Direct, null)
Footnotes (1)
  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 31,098 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Restricted shares granted 6,919 shares Restricted stock award to CEO on April 28, 2026
Grant value per share $50.67 per share Reported price for restricted stock award
Shares held after grant 44,399 shares CEO direct holdings following the transaction
Unvested restricted units and shares 31,098 units/shares Restricted stock units and restricted shares subject to vesting
Vesting period three years Restricted stock vests pro rata over next three years
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 and Amendment financial
"grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment"
restricted stock units financial
"Includes 31,098 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.
vesting and forfeiture restrictions financial
"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Griffiths Simon
(Last)(First)(Middle)
2 ELM STREET
P.O. BOX 310
(Street)
CAMDEN MAINE 04843
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CAMDEN NATIONAL CORP [ CAC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/28/2026A6,919(1)A$50.6744,399(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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.
2. Includes 31,098 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA04/30/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity grant did Camden National (CAC) CEO Simon Griffiths receive?

Camden National CEO Simon Griffiths received a grant of 6,919 restricted shares of Common Stock. The shares were awarded under the 2022 Equity and Incentive Plan and will vest pro rata over three years, subject to continued employment and standard vesting conditions.

How many Camden National (CAC) shares does the CEO hold after this Form 4 transaction?

After this grant, CEO Simon Griffiths directly holds 44,399 Camden National Common Stock shares. That total includes 31,098 restricted stock units and restricted shares that are still subject to vesting and forfeiture restrictions under the company’s equity compensation arrangements.

How do the CEO’s new Camden National (CAC) restricted shares vest?

The 6,919 restricted shares granted to the CEO vest pro rata over the next three years. Vesting depends on his continued employment through each vesting date, and each vested restricted share converts into one share of Camden National common stock.

Was the Camden National (CAC) CEO’s Form 4 transaction an open-market stock purchase?

No, the CEO’s Form 4 transaction reflects a grant of restricted stock, not an open-market purchase. The shares were awarded as compensation under the 2022 Equity and Incentive Plan at a reported value of $50.67 per share, with multi-year vesting conditions.

What portion of Camden National (CAC) CEO holdings are still subject to vesting?

Of the CEO’s 44,399 directly held shares, 31,098 are restricted stock units and restricted shares. These are subject to vesting and forfeiture restrictions, meaning they must satisfy time-based or employment conditions before becoming fully unrestricted shares.