Camden National EVP granted 967 restricted shares
Archer Michael R reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Archer Michael R reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp EVP Michael R. Archer received a grant of 967 shares of common stock in the form of restricted stock units as compensation. These units were awarded at no cash cost and are scheduled to vest on April 25, 2026, if he remains employed through that date.
After this grant, Archer holds a total of 19,815.073 shares of common stock directly, including 9,157 restricted stock units and restricted shares that are still subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 967 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting.
- F2. Includes 9,157 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Key Terms
restricted stock units financial
vesting financial
forfeiture restrictions financial
FAQ
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What did Camden National Corp EVP Michael R. Archer report in this Form 4 for CAC?
When do Michael R. Archer’s new restricted stock units in CAC vest?
What type of award did Michael R. Archer receive from Camden National Corp under its plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.