Timothy P. Nightingale - Apr 25, 2023 Form 4 Insider Report for CAMDEN NATIONAL CORP (CAC)

Role
EVP
Signature
Christopher G. Hutchinson, POA
Stock symbol
CAC
Transactions as of
Apr 25, 2023
Transactions value $
-$2,857
Form type
4
Date filed
4/27/2023, 07:00 PM
Previous filing
Apr 4, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAC Common Stock Award $0 +1.38K +2.21% $0.00 63.5K Apr 25, 2023 Direct F1
transaction CAC Common Stock Award $0 +2.75K +4.33% $0.00 66.2K Apr 25, 2023 Direct F2
transaction CAC Common Stock Tax liability -$2.86K -91 -0.14% $31.40 66.1K Apr 26, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock awards, scheduled to vest pro-rata over the next three years, subject to continued employment through the vesting dates.
F2 Represents a grant of restricted stock units under the issuer's 2022 Equity and Incentive Plan that is scheduled to vest on April 25, 2025, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting.
F3 Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 26, 2023.
F4 Includes 6,971 of restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.