Camden National (CAC) director granted 919 shares in equity compensation award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp director Raina Maxwell received a stock grant as part of board compensation. On the grant date, Maxwell acquired 919 shares of Common Stock under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment. The shares vested immediately and carried no purchase price to the director, reflecting a compensation award rather than a market purchase.
After this grant and additional dividend reinvestments, Maxwell now directly holds 3,753.818 shares, including 24.132 shares accumulated since the last filing through the company's dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maxwell Raina
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 919 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,753.818 shares (Direct, null)
Footnotes (1)
- 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. Consists of 24.132 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
Key Figures
Stock grant size: 919 shares
Post-transaction holdings: 3,753.818 shares
Dividend reinvestment accumulation: 24.132 shares
+2 more
5 metrics
Stock grant size
919 shares
Common Stock granted to director as compensation
Post-transaction holdings
3,753.818 shares
Director’s direct Common Stock holdings after grant
Dividend reinvestment accumulation
24.132 shares
Shares acquired since last filing via dividend reinvestment
Transaction price per share
$0.0000
Indicates compensatory grant with no cash paid by director
Transaction date
2026-06-01
Grant date for the 919-share award
Key Terms
Independent Directors' Equity Compensation Program, 2022 Equity and Incentive Plan and Amendment, dividend reinvestment program, Grant, award, or other acquisition
4 terms
Independent Directors' Equity Compensation Program financial
"Shares granted under the Independent Directors' Equity Compensation Program, a component of the 2022 Equity and Incentive Plan and Amendment"
2022 Equity and Incentive Plan and Amendment financial
"a component of the 2022 Equity and Incentive Plan and Amendment; therefore, price is N/A"
dividend reinvestment program financial
"Consists of 24.132 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Camden National (CAC) director Raina Maxwell report?
Director Raina Maxwell reported receiving a grant of 919 shares of Camden National Common Stock. The award was made under the Independent Directors' Equity Compensation Program and vested immediately, reflecting non-cash board compensation rather than an open-market stock purchase.
Was the Camden National (CAC) stock grant to Raina Maxwell an open-market purchase?
No. The 919 shares reported for Raina Maxwell were granted as compensation under the Independent Directors' Equity Compensation Program. The filing shows a zero dollar price, meaning Maxwell did not buy the shares in the market but received them as an equity award.
What is the Independent Directors' Equity Compensation Program at Camden National (CAC)?
The Independent Directors' Equity Compensation Program is part of Camden National’s 2022 Equity and Incentive Plan and Amendment. It grants Common Stock to non-employee directors as part of their compensation, with awards like Maxwell’s 919 shares vesting immediately on the grant date.
How did dividend reinvestment affect Raina Maxwell’s Camden National (CAC) holdings?
The filing notes that 24.132 shares were acquired since the last report through Camden National’s dividend reinvestment program. This means cash dividends on existing holdings were automatically used to buy additional shares, modestly increasing Maxwell’s direct ownership over time.