Camden National (CAC) EVP adds 760 shares in discounted stock plan grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAMDEN NATIONAL CORP EVP Garrett McKnight acquired additional company stock through a compensation plan. He received 760 shares of common stock on March 5, 2026 under the Management Stock Purchase Plan at a one-fourth discount to that day's closing price. These shares will cliff-vest two years after issuance. Following this award, he directly owns 5,081 shares, including 4,454 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
McKnight Garrett
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 760 | $34.58 | $26K |
Holdings After Transaction:
Common Stock — 5,081 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 4,454 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
FAQ
What insider transaction did CAC EVP Garrett McKnight report?
CAC EVP Garrett McKnight reported acquiring 760 shares of Camden National common stock. The shares were obtained as part of a grant or award transaction classified as an acquisition and were purchased through the company’s Management Stock Purchase Plan at a discount to the closing share price.
What is the Management Stock Purchase Plan mentioned in the CAC Form 4?
The Management Stock Purchase Plan allows shares to be purchased at a one-fourth discount to the company’s closing share price on the purchase date. In this case, CAC shares were acquired on March 5, 2026 at a discounted price and are subject to future vesting conditions.