Camden National Corp (CAC) EVP receives 967 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Michael R reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp EVP Michael R. Archer received a grant of 967 shares of common stock in the form of restricted stock units as compensation. These units were awarded at no cash cost and are scheduled to vest on April 25, 2026, if he remains employed through that date.
After this grant, Archer holds a total of 19,815.073 shares of common stock directly, including 9,157 restricted stock units and restricted shares that are still subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Archer Michael R
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 967 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,815.073 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting. Includes 9,157 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Restricted stock units granted: 967 shares
Total shares after transaction: 19,815.073 shares
Unvested restricted units and shares: 9,157 shares
+2 more
5 metrics
Restricted stock units granted
967 shares
Grant of restricted stock units scheduled to vest on April 25, 2026
Total shares after transaction
19,815.073 shares
Direct holdings of Michael R. Archer after the award
Unvested restricted units and shares
9,157 shares
Restricted stock units and restricted shares subject to vesting and forfeiture
Award price per share
$0.0000 per share
Compensation grant, not an open-market purchase
Vesting date
April 25, 2026
Scheduled vesting date for the 967 restricted stock units
Key Terms
restricted stock units, 2023-2025 Long-Term Performance Share Plan, vesting, forfeiture restrictions
4 terms
restricted stock units financial
"Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"scheduled to vest on April 25, 2026, subject to continued employment"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture restrictions financial
"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
FAQ
What did Camden National Corp EVP Michael R. Archer report in this Form 4 for CAC?
Michael R. Archer reported receiving 967 restricted stock units of Camden National Corp common stock as a compensation grant. The units were awarded at no cash cost and will convert into shares if vesting conditions are satisfied.
When do Michael R. Archer’s new restricted stock units in CAC vest?
The 967 restricted stock units granted to Michael R. Archer are scheduled to vest on April 25, 2026. Vesting is contingent on his continued employment with Camden National Corp through that vesting date under the company’s long-term plan.
What type of award did Michael R. Archer receive from Camden National Corp under its plan?
He received a grant of restricted stock units under Camden National Corp’s 2023-2025 Long-Term Performance Share Plan. Each unit represents the right to receive one share of common stock upon vesting, subject to service-based vesting and forfeiture provisions.