Caras Matthew L 4
4 · BAR HARBOR BANKSHARES · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
BHB Director Matthew Caras Acquires 125.423 Shares via DRIP
What Happened
Matthew L. Caras, a director of Bar Harbor Bankshares (BHB), acquired 125.423 shares on 2026-06-18 at $36.25 per share, a transaction valued at approximately $4,547. This was an acquisition via the company’s Dividend Reinvestment and Direct Stock Purchase and Sale Plan (a routine purchase), not a sale.
Key Details
- Transaction date: 2026-06-18; Filing date (Form 4): 2026-06-23.
- Price and quantity: 125.423 shares at $36.25 each; total value ≈ $4,547.
- Shares owned after the transaction: not specified in the filing.
- Footnote: Shares were acquired through the company’s Dividend Reinvestment and Direct Stock Purchase and Sale Plan and are exempt under Rule 16b-3(d) of the Securities Exchange Act.
- Filing timeliness: filing shows transaction date and filing date; the form does not include a late-report flag in the summary provided.
Context
Purchases made through a dividend reinvestment plan (DRIP) are typically automatic reinvestments of cash dividends into additional shares and are considered routine. Such DRIP acquisitions are usually small in dollar size and do not necessarily indicate a director’s discretionary bullish bet. The Rule 16b-3(d) exemption covers routine dividend reinvestment transactions by insiders.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-18$36.25/sh+125.423$4,547→ 23,019.364 total
Footnotes (1)
- [F1]These shares were acquired through the reporting person's participation in the Bar Harbor Bankshares Dividend Reinvestment and Direct Stock Purchase and Sale Plan, in a transaction exempt under Rule 16b-3(d) under the Securities and Exchange Act of 1934, as amended.