Camden National (CAC) director receives 919-share equity award, now holds 14,512
Rhea-AI Filing Summary
Longley S. Catherine reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp director Catherine S. Longley received an equity award of 919 shares of Common Stock under the company’s Independent Directors' Equity Compensation Program, part of the 2022 Equity and Incentive Plan and Amendment. The grant carried no purchase price and vested immediately on the grant date.
Following this award, Longley directly holds a total of 14,512.613 shares of Camden National Corp common stock. This filing reflects routine director compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases director’s direct share holdings.
Catherine S. Longley, a director of Camden National Corp, received 919 shares of Common Stock as a stock grant under the Independent Directors' Equity Compensation Program. The grant was made at no cash cost to her and vested immediately.
This is a standard, compensation-related Form 4 event rather than an open-market transaction. After the grant, Longley holds 14,512.613 shares directly, which modestly increases her equity exposure and aligns her incentives with shareholders through additional stock ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 919 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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
Key Terms
Independent Directors' Equity Compensation Program financial
2022 Equity and Incentive Plan and Amendment financial
Common Stock financial
Form 4 regulatory
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