Camden National (CAC) Director Rebecca Hatfield Adds 383 Shares

Rhea-AI Filing Summary

Camden National Corporation (CAC) – Form 4 insider filing

Director Rebecca Hatfield reported a routine, open-market acquisition of 383 common shares on 20 June 2025 at an average price of $38.57 per share. The shares were issued under the company’s 2022 Equity and Incentive Plan in lieu of cash director fees. Following the transaction, Hatfield’s direct beneficial ownership increased to 6,932.06 shares.

The filing contains no derivative activity, no sales, and no indication of a 10b5-1 trading plan. No other officers or directors are listed. Given the small dollar value (~$15k) and the compensatory nature of the grant, the filing is considered routine with limited market impact, but it nevertheless signals continuing alignment between the director and shareholders through incremental equity ownership.

Positive

• Director increased equity stake by 383 shares, reflecting ongoing insider confidence and alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director share grant signals mild insider alignment; immaterial to valuation.

The Form 4 shows Director Hatfield accepted equity instead of cash compensation—383 shares at $38.57, lifting her stake to roughly 6.9k shares. Total consideration is about $14.8k, less than 0.01 % of CAC’s market cap, so it should not influence earnings forecasts or book value. While insider buying is directionally positive, the magnitude is too small to change institutional sentiment or model assumptions.

Corporate Governance Expert

TL;DR: Equity-for-fees grant aligns board incentives; governance neutral.

Issuing stock under the 2022 Incentive Plan instead of cash supports shareholder-friendly pay practices by fostering ownership among directors. No red flags such as accelerated vesting, option repricing, or derivative hedging appear. Governance impact is neutral to modestly positive, but immaterial to proxy voting recommendations.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hatfield Rebecca

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	383	$38.57	$15K

Holdings After Transaction: Common Stock — 6,932.06 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hatfield Rebecca

(Last) (First) (Middle)

2 ELM STREET

P.O. BOX 310

(Street)

CAMDEN ME 04843

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CAMDEN NATIONAL CORP [ CAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/20/2025		A		383(1)	A	$38.57	6,932.06	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired under Camden National Corporation's 2022 Equity and Incentive Plan and Amendment in lieu of director fees.

Remarks:

	Christopher G. Hutchinson, POA	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Camden National (CAC) shares did Director Rebecca Hatfield buy?

383 common shares were acquired on 20 June 2025.

What price did the CAC insider pay for the shares?

The reported average purchase price was $38.57 per share.

What is Hatfield’s total CAC shareholding after the transaction?

Her direct beneficial ownership stands at 6,932.06 shares.

Was a Rule 10b5-1 trading plan disclosed in this Form 4?

No. The form does not reference any 10b5-1 plan for this transaction.

Does the filing include sales or derivative activity?

No. The filing reports only an acquisition of common stock; no sales or derivatives are listed.