Director Larry Haynes granted 317 Camden National (CAC) shares as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Haynes Larry K reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp director Larry K. Haynes reported receiving 317 shares of Common Stock as a stock award. The shares were granted at $45.26 per share as compensation under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees.
Following this grant, Haynes directly owns 3,184.831 Camden National shares. A portion of this position, 23.893 shares, has been accumulated since the prior filing through participation in the company's dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haynes Larry K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317 | $45.26 | $14K |
Holdings After Transaction:
Common Stock — 3,184.831 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 23.893 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
FAQ
What insider transaction did Larry K. Haynes report for CAMDEN NATIONAL CORP (CAC)?
Director Larry K. Haynes reported acquiring 317 shares of Camden National Common Stock. The shares were granted as a stock award under the 2022 Equity and Incentive Plan, received in lieu of cash director fees, and increased his directly held position disclosed in this filing.
Was the CAC insider transaction by Larry K. Haynes a market purchase or a stock award?
The CAC insider transaction was a stock award, not a market purchase. Larry K. Haynes received 317 shares of Common Stock as a grant under Camden National Corporation's 2022 Equity and Incentive Plan in lieu of director fees, according to the Form 4 details.
What role does Camden National’s dividend reinvestment program play in Larry K. Haynes’s holdings?
Larry K. Haynes’s holdings include 23.893 shares acquired through Camden National’s dividend reinvestment program. These shares were accumulated since the last filing as dividends were automatically reinvested into additional Common Stock, modestly increasing his direct ownership over time.
Is the Larry K. Haynes CAC Form 4 transaction a buy or sell signal for investors?
The Form 4 shows an equity award, not an open-market buy or sell. Haynes received 317 shares as compensation under the 2022 Equity and Incentive Plan, a routine director fee arrangement rather than a discretionary trading decision in Camden National stock.