Camden National (NASDAQ: CAC) EVP awarded new restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smyth Renee reported acquisition or exercise transactions in this Form 4 filing.
Camden National Corp executive Renee Smyth received a routine equity grant in company stock. She was awarded 1,174 shares of common stock on April 28, 2026 at a grant value of $50.67 per share under the 2022 Equity and Incentive Plan and its amendment.
The award consists of restricted stock scheduled to vest pro-rata over the next three years, subject to continued employment. After this grant, Smyth directly holds 29,538.604 shares of common stock, which includes 6,844 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smyth Renee
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,174 | $50.67 | $59K |
Holdings After Transaction:
Common Stock — 29,538.604 shares (Direct, null)
Footnotes (1)
- Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment that are scheduled to vest pro-rata over the next three years, subject to continued employment through the vesting date. Each restricted stock award represents the right to receive one share of common stock at vesting. Includes 6,844 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Restricted stock grant: 1,174 shares
Grant value per share: $50.67 per share
Total shares after grant: 29,538.604 shares
+2 more
5 metrics
Restricted stock grant
1,174 shares
Restricted stock award on April 28, 2026
Grant value per share
$50.67 per share
Assigned value for the restricted stock award
Total shares after grant
29,538.604 shares
Direct ownership following the April 28, 2026 grant
Restricted units and shares
6,844 units/shares
Restricted stock units and restricted shares subject to vesting and forfeiture
Vesting period
Three years
Restricted stock vests pro-rata over the next three years
Key Terms
restricted stock awards, 2022 Equity and Incentive Plan, restricted stock units, vesting and forfeiture restrictions
4 terms
restricted stock awards financial
"Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
2022 Equity and Incentive Plan financial
"under the issuer's 2022 Equity and Incentive Plan and Amendment"
restricted stock units financial
"Includes 6,844 restricted stock units and restricted shares"
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 and forfeiture restrictions financial
"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
FAQ
What insider transaction did CAMDEN NATIONAL CORP (CAC) report for Renee Smyth?
CAMDEN NATIONAL CORP reported that EVP Renee Smyth received a grant of 1,174 shares of common stock. The grant is in the form of restricted stock awards that vest over time as part of her equity compensation package.
Was the CAMDEN NATIONAL CORP (CAC) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not an open-market purchase. Code "A" indicates an award or other acquisition, and the footnote specifies a restricted stock grant under the 2022 Equity and Incentive Plan and its amendment.
What are the vesting terms of Renee Smyth’s new CAMDEN NATIONAL CORP restricted stock award?
The restricted stock award is scheduled to vest pro-rata over the next three years. Vesting is contingent on Renee Smyth’s continued employment through each vesting date, aligning compensation with long-term service and performance.