Camden National (CAC) director receives 193-share equity award in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp director Rebecca Hatfield reported an award of 193 shares of Common Stock valued at $45.26 per share. The shares were granted under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees, so this is compensation rather than an open-market purchase.
Following this award and 0.438 additional shares acquired through the company's dividend reinvestment program since the last filing, Hatfield now holds a total of 7,542.023 Common Stock shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hatfield Rebecca
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 193 | $45.26 | $9K |
Holdings After Transaction:
Common Stock — 7,542.023 shares (Direct)
Footnotes (1)
- Shares acquired under Camden National Corporation's 2022 Equity and Incentive Plan and Amendment in lieu of director fees. Consists of 0.438 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
FAQ
What insider transaction did Camden National (CAC) disclose for Rebecca Hatfield?
Camden National disclosed that director Rebecca Hatfield received 193 shares of Common Stock as a grant under the 2022 Equity and Incentive Plan in lieu of director fees, at a value of $45.26 per share, increasing her direct holdings to 7,542.023 shares.
Was the Camden National (CAC) Form 4 transaction a market purchase or a compensation award?
The Form 4 transaction was a compensation-related award, not a market purchase. Rebecca Hatfield received 193 shares of Common Stock under Camden National’s 2022 Equity and Incentive Plan in lieu of director fees, according to the footnote describing the nature of the acquisition.
What role does Camden National’s 2022 Equity and Incentive Plan play in this Form 4?
The 2022 Equity and Incentive Plan provided the framework for granting 193 shares of Common Stock to director Rebecca Hatfield in lieu of director fees. The Form 4 footnote specifies that the shares were acquired under this plan rather than through an open-market stock purchase.