Camden National (CAC) director awarded shares, shifts holdings to trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAMDEN NATIONAL CORP director Larry K. Haynes reported routine equity and ownership updates. On June 1, 2026, he acquired 919 shares of Common Stock at no cost as a stock grant under the Independent Directors' Equity Compensation Program, which vested immediately.
On May 11, 2026, 3,217.888 shares of Common Stock were moved from his direct holdings into a revocable trust, where he serves as trustee and retains voting and dispositive power, so there was no change in his beneficial ownership. Footnotes also note 33.057 additional shares accumulated since the last filing through the company’s dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Haynes Larry K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 919 | $0.00 | -- |
| Other | Common Stock | 3,217.888 | $0.00 | -- |
| Other | Common Stock | 3,217.888 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 919 shares (Direct, null);
Common Stock — 3,217.888 shares (Indirect, By Revocable Trust)
Footnotes (1)
- Represents a transfer of shares to a revocable trust. The reporting person is trustee of the revocable trust and retains voting and dispositive power; no change in beneficial ownership. Consists of 33.057 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program. Shares granted under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment; therefore, price is N/A. These shares vested immediately on the date of the grant.
Key Figures
Director stock grant: 919 shares
Trust transfer: 3,217.888 shares
Restructuring shares total: 6,435.776 shares
+3 more
6 metrics
Director stock grant
919 shares
Common Stock grant on June 1, 2026 at $0.00 per share
Trust transfer
3,217.888 shares
Common Stock transferred to revocable trust on May 11, 2026
Restructuring shares total
6,435.776 shares
Shares involved in restructuring-type transactions noted in the summary
Dividend reinvestment accumulation
33.057 shares
Shares acquired since last filing via dividend reinvestment program
Direct holdings after grant
919 shares
Total direct Common Stock reported following the June 1, 2026 grant
Indirect trust holdings
3,217.888 shares
Total Common Stock held indirectly by revocable trust after May 11, 2026
Key Terms
revocable trust, dividend reinvestment program, Independent Directors' Equity Compensation Program, 2022 Equity and Incentive Plan
4 terms
revocable trust financial
"Represents a transfer of shares to a revocable trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
dividend reinvestment program financial
"shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Independent Directors' Equity Compensation Program financial
"Shares granted under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan"
2022 Equity and Incentive Plan financial
"a component of the 2022 Equity and Incentive Plan and Amendment"
FAQ
What insider transactions did CAC director Larry K. Haynes report?
Larry K. Haynes reported a 919-share stock grant and a restructuring transfer of 3,217.888 shares to a revocable trust. The grant was compensation, and the trust transfer did not change his overall beneficial ownership according to the filing footnotes.
Was the Camden National (CAC) director’s Form 4 transaction a market purchase or sale?
The Form 4 shows no market purchases or sales. It reports a 919-share stock grant at no cost and an internal transfer of 3,217.888 shares to a revocable trust, with the filing stating there was no change in beneficial ownership.
What is the significance of the revocable trust in the CAC Form 4 filing?
The filing explains that 3,217.888 shares were transferred to a revocable trust, with Haynes as trustee. He retains voting and dispositive power over those shares, so the transaction represents an ownership restructuring rather than a change in his beneficial ownership position.