CAMDEN NATIONAL CORP (CAC)

Quarterly Report Filed: 2026-05-07

Key Insights

The filing content provided is incomplete and consists primarily of XML schema/metadata references without substantive financial data, making a comprehensive analysis of Camden National Corp's Q1 2026 performance impossible.
The document references multiple loan portfolio segments (commercial real estate, residential, home equity, consumer) and investment securities categories, indicating a diversified banking operation typical of regional banks.
Fair value measurement disclosures and asset classification information are present, suggesting the bank maintains standard investment securities and derivative portfolios that require regular mark-to-market accounting.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Michael R. Archer engaged in two separate stock transactions on consecutive days (04/29-04/30/2026), disposing of 337 shares total through tax withholding on vested restricted shares, indicating recent equity compensation vesting events.
Following the reported transactions, Archer maintains beneficial ownership of approximately 21,089 shares of CAC stock, demonstrating continued material equity stake in the company despite the recent dispositions.
The insider holds 8,579 unvested restricted stock units and restricted shares subject to forfeiture, representing significant future equity incentive compensation that aligns management interests with shareholder value creation.
Archer participates in the company's dividend reinvestment program, having acquired 87.367 shares through DRIP participation, suggesting confidence in the company's dividend sustainability and long-term value proposition.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Ryan A. Smith executed two separate stock transactions on consecutive days (April 29-30, 2026), disposing of 296 shares total through tax withholding on vested restricted shares, indicating routine equity compensation vesting rather than discretionary selling.
Smith's beneficial ownership decreased from 24,118 to 23,980 shares following the withholding transactions, with 6,709 shares still subject to vesting and forfeiture restrictions, suggesting significant unvested equity incentives remain.
The transactions occurred at average prices near $48/share ($47.97 and $48.17), with the stock price relatively stable between the two vesting dates, indicating no apparent market volatility concerns around the insider activity.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Barbara Raths sold a total of 235 shares across two transactions on April 29-30, 2026, at prices of $47.97 and $48.17 respectively, reducing her direct ownership from approximately 9,341 to 9,106 shares.
Both share dispositions were classified as 'F' transactions (Rule 10b5-1 plan sales), indicating these were pre-planned sales executed under a controlled trading arrangement rather than discretionary market activity.
The sales appear to be primarily driven by tax withholding obligations on vested restricted stock units (5,252 RSUs remain subject to vesting), suggesting this was a routine equity compensation event rather than a bearish signal about company prospects.

Insider Trading Filed: 2026-05-01

Key Insights

CEO Simon Griffiths sold 1,600 shares across two transactions on April 29-30, 2026 at prices near $48/share, reducing his direct holdings from approximately 44,399 to 42,799 shares.
The sales were executed through tax withholding obligations on vesting restricted shares rather than discretionary open market sales, indicating forced liquidation to cover tax liabilities rather than loss of confidence in the company.
Griffiths maintains significant beneficial ownership of 42,799 common shares plus 25,650 restricted stock units/shares subject to vesting, demonstrating substantial continued equity exposure to Camden National Corp despite the recent reduction.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Andrew Forbes sold a combined 224 shares (127 + 97) over two consecutive trading days (April 29-30, 2026) at prices around $48/share, totaling approximately $10,700 in insider selling.
The sales were executed via tax withholding transactions (Form codes F) related to vested restricted stock units, indicating these were not discretionary trades but rather net-of-tax settlement events common in equity compensation.
Forbes' beneficial ownership decreased to 5,923 shares following the transactions, with 4,054 shares remaining subject to vesting restrictions, suggesting limited accumulated insider equity at the executive level.
The routine nature of tax withholding on vested restricted shares indicates normal compensation cycle activity rather than a signal of confidence or concern about the company's prospects.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Patricia A. Rose disposed of 292 shares total (158 on 4/29 and 134 on 4/30) through tax withholding obligations on vesting restricted shares, indicating routine equity compensation execution rather than discretionary selling.
Rose maintains a substantial beneficial ownership position of 28,777 shares following the transactions, with an additional 4,109 restricted stock units and restricted shares subject to vesting, demonstrating continued executive commitment to the company.
The transactions occurred at prices near $48/share ($47.97 and $48.17) and included dividend reinvestment activity (145.759 shares acquired), suggesting confidence in the company's dividend sustainability at current valuations.

Insider Trading Filed: 2026-05-01

Key Insights

EVP David Ackley disposed of 241 shares total through tax withholding on vested restricted stock units across two days (April 29-30, 2026), reducing his beneficial ownership from approximately 13,504 to 13,394 shares.
The transactions represent routine tax withholding obligations on restricted share vesting rather than discretionary selling, indicating no loss of confidence in the company by this executive officer.
Ackley retains approximately 5,402 restricted stock units and restricted shares subject to vesting restrictions, demonstrating continued equity alignment with the company despite the tax-driven dispositions.

Insider Trading Filed: 2026-05-01

Key Insights

Executive Vice President William H. Martel sold 294 shares total across two consecutive days (April 29-30, 2026) through tax withholding obligations on vested restricted shares, indicating ongoing equity compensation rather than discretionary selling.
The reporting person retains 21,904 shares of beneficial ownership following transactions, with 7,384 shares still subject to vesting and forfeiture restrictions, demonstrating continued significant equity stake in Camden National Corp.
Sales prices of $47.97 and $48.17 per share suggest stable stock valuations around the $48 level at the time of vesting, with no indication of distress selling or loss of confidence in the company.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Garrett McKnight executed two separate stock sales on consecutive days (April 29-30, 2026), disposing of 241 shares total at prices around $48/share, suggesting a planned or systematic reduction in holdings rather than opportunistic selling.
Both transactions involved shares withheld for tax obligations on vesting restricted stock awards, indicating compensation-driven sales rather than discretionary portfolio decisions, which is typical executive equity compensation activity.
McKnight's post-transaction beneficial ownership stands at 6,268 shares with 4,398 shares still subject to vesting restrictions, representing a moderate stake that suggests meaningful alignment with shareholder interests despite the recent disposition.

Insider Trading Filed: 2026-05-01

Key Insights

EVP Renee Smyth disposed of 258 shares total across two consecutive trading days (April 29-30, 2026) through tax withholding on vested restricted shares, indicating regular equity compensation vesting rather than discretionary selling.
Current beneficial ownership stands at approximately 29,280 shares following the transactions, with 5,967 shares still subject to vesting and forfeiture restrictions, showing continued significant equity stake in the company.
The transactions occurred at prices near $48 per share ($47.97 and $48.17), suggesting stable stock valuation during the vesting period with no apparent insider concerns about company performance.

Insider Trading Filed: 2026-04-30

Key Insights

EVP Michael R. Archer acquired 1,922 shares of common stock on 04/28/2026 at $50.67 per share, representing a purchase of approximately $97,387, indicating insider confidence in the company's valuation.
The acquisition consists entirely of restricted stock awards under the 2022 Equity and Incentive Plan with pro-rata vesting over three years, which is a standard compensation arrangement rather than discretionary open-market buying.
Following this transaction, Archer's beneficial ownership increased to 21,339 shares, with 9,725 shares subject to vesting restrictions, suggesting significant equity alignment with shareholders over the medium term.
The transaction was executed by Christopher G. Hutchinson as Power of Attorney on 04/30/2026, two days after the transaction date, which is routine for corporate equity grants.

Insider Trading Filed: 2026-04-30

Key Insights

EVP Garrett McKnight acquired 1,139 shares of common stock at $50.67 per share on 04/28/2026, representing a restricted stock award grant under the 2022 Equity and Incentive Plan that vests pro-rata over three years.
The executive now beneficially owns 6,509 total shares directly, with 5,214 of these being restricted stock units or restricted shares subject to vesting and forfeiture conditions, indicating meaningful equity stake alignment with shareholders.
This insider acquisition through equity compensation at approximately $50.67 per share suggests confidence in company valuation at current levels, though the transaction is a standard grant rather than open market purchase.

Insider Trading Filed: 2026-04-30

Key Insights

EVP Barbara Raths acquired 1,105 shares of common stock at $50.67 per share on 04/28/2026, representing a significant personal investment in the company by a senior executive.
The acquisition consists of restricted stock awards scheduled to vest pro-rata over three years, indicating confidence in the company's long-term performance and alignment with shareholder interests through equity compensation.
Following this transaction, Raths beneficially owns 9,341 shares directly, with 6,051 shares currently subject to vesting and forfeiture restrictions, demonstrating material personal stake in CAC's future performance.

Insider Trading Filed: 2026-04-30

Key Insights

EVP Renee Smyth acquired 1,174 shares of common stock on 04/28/2026 at $50.67 per share through a restricted stock award grant under the 2022 Equity and Incentive Plan, vesting pro-rata over three years subject to continued employment.
The transaction represents routine equity compensation for an executive officer rather than discretionary open-market buying, suggesting confidence in the company but not indicating a significant insider conviction signal.
Smyth's total beneficial ownership following the transaction is 29,538.604 shares, with 6,844 shares currently subject to vesting and forfeiture restrictions, indicating a meaningful stake subject to employment conditions.

Insider Trading Filed: 2026-04-30

Key Insights

EVP David Ackley acquired 1,087 shares of common stock on 04/28/2026 at $50.67 per share through a restricted stock award grant, demonstrating company confidence in executive compensation and retention.
The restricted stock award vests pro-rata over three years subject to continued employment, aligning executive incentives with long-term company performance and shareholder interests.
Following this transaction, Ackley beneficially owns 13,634.958 shares total, with 6,222 shares subject to vesting restrictions, indicating meaningful personal investment in the company's future.
This is a routine equity compensation grant rather than discretionary open-market buying, suggesting normal annual compensation practices rather than insider conviction about stock valuation.

Insider Trading Filed: 2026-04-30

Key Insights

EVP Andrew Forbes acquired 1,036 shares of common stock on 04/28/2026 at $50.67 per share through a restricted stock award grant, demonstrating company confidence in executive compensation and retention.
The restricted stock award vests pro-rata over three years subject to continued employment, aligning executive interests with long-term company performance and shareholder value creation.
Forbes now beneficially owns 6,147 shares total (including 4,815 restricted shares/units subject to vesting), indicating meaningful personal investment in Camden National Corp's future.
The transaction was executed through a formal equity incentive plan (2022 Equity and Incentive Plan), reflecting structured and compliant insider compensation practices rather than opportunistic trading.

Insider Trading Filed: 2026-04-30

Key Insights

EVP William H. Martel acquired 1,281 shares of CAC common stock on 04/28/2026 at $50.67 per share through a restricted stock award grant, indicating continued executive compensation aligned with company equity incentives.
The restricted stock award vests pro-rata over three years subject to continued employment, demonstrating a long-term retention mechanism for this senior executive rather than immediate monetization.
Following this transaction, Martel's beneficial ownership increased to 22,198 shares (including 8,380 restricted stock units/shares still subject to vesting), reflecting meaningful but not dominant equity stake in the company.
The transaction was executed through Christopher G. Hutchinson as Power of Attorney, representing a routine administrative filing for equity compensation rather than discretionary insider trading.

Insider Trading Filed: 2026-04-30

Key Insights

Executive Vice President Ryan A. Smith acquired 1,281 shares of common stock on 04/28/2026 at $50.67 per share, representing a significant personal investment of approximately $64,908 in company stock.
The acquisition consists of restricted stock awards under the 2022 Equity and Incentive Plan that vest pro-rata over three years contingent on continued employment, indicating management confidence in long-term company performance.
Smith's total beneficial ownership increased to 24,276 shares following the transaction, with 7,711 shares currently subject to vesting restrictions, demonstrating substantial insider commitment to the organization.
The use of a Power of Attorney (Christopher G. Hutchinson) to file this Form 4 is standard administrative procedure and does not affect the materiality of the insider transaction itself.

Insider Trading Filed: 2026-04-30

Key Insights

CEO Simon Griffiths acquired 6,919 shares of common stock at $50.67 per share on April 28, 2026, demonstrating insider confidence in the company's valuation at that price point.
The acquisition was comprised of restricted stock awards under the 2022 Equity and Incentive Plan, vesting pro-rata over three years, which is typical executive compensation rather than a discretionary open-market purchase.
Griffiths' total beneficial ownership increased to 44,399 shares following this transaction, with 31,098 shares subject to vesting restrictions, indicating significant long-term alignment with shareholder interests.
The use of a power of attorney (Christopher G. Hutchinson) to file this Form 4 suggests standard administrative processing rather than any unusual circumstances.

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Key Insights

Important Information