CEO stock grant at Camden National Corp (CAC) under purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp CEO Simon Griffiths acquired 3,491 shares of common stock on March 5, 2026 through a grant under the company’s Management Stock Purchase Plan at a price of $34.58 per share. These shares will cliff-vest two years after the issuance date.
Following this award, Griffiths beneficially owns 34,766 shares, including 26,253 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
Griffiths Simon
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,491 | $34.58 | $121K |
Holdings After Transaction:
Common Stock — 34,766 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 26,253 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
FAQ
What did Camden National (CAC) CEO Simon Griffiths report in this Form 4?
Camden National CEO Simon Griffiths reported acquiring 3,491 shares of common stock on March 5, 2026. The shares were granted under the company’s Management Stock Purchase Plan at $34.58 per share and are scheduled to cliff-vest two years after issuance.
What portion of the Camden National (CAC) CEO’s holdings are restricted after this award?
Of CEO Simon Griffiths’ 34,766 Camden National shares after the award, 26,253 are restricted stock units and restricted shares. These restricted holdings remain subject to vesting and forfeiture provisions, meaning they are not yet fully earned and may be lost if conditions are not met.
What is the Management Stock Purchase Plan mentioned in the Camden National (CAC) Form 4?
The Management Stock Purchase Plan referenced in the filing allows shares to be purchased at a one-fourth discount to the company’s closing share price. In this case, 3,491 shares were acquired under that plan and will cliff-vest, becoming fully owned only after two years from issuance.