Camden National (CAC) EVP acquires 758 discounted shares under stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp executive vice president David Ackley acquired 758 shares of common stock on March 5, 2026 at $34.58 per share under the company’s Management Stock Purchase Plan, bought at a one-fourth discount to the closing price. His direct holdings total about 12,281.958 shares, including 6,163 restricted stock units and restricted shares that will cliff-vest two years after issuance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ackley David
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 758 | $34.58 | $26K |
Holdings After Transaction:
Common Stock — 12,281.958 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 6,163 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
FAQ
What did Camden National (CAC) EVP David Ackley report in this Form 4?
David Ackley reported acquiring 758 shares of Camden National common stock. The shares were obtained under the Management Stock Purchase Plan at a one-fourth discount to the March 5, 2026 closing price and increase his total direct holdings to 12,281.958 shares.
What is the Management Stock Purchase Plan mentioned in Camden National’s Form 4?
The Third Amended and Restated Management Stock Purchase Plan lets executives purchase shares at a discount. In this case, shares were bought at a one-fourth discount to the March 5, 2026 closing price and will cliff-vest two years after the issuance date under the plan’s terms.