Bar Harbor Bankshares (BHB) EVP Marion Colombo Receives Award, Sells Shares

What Happened

• Marion Colombo, Executive Vice President of Bar Harbor Bankshares (BHB), received 3,173 shares of common stock upon satisfaction of performance-based vesting on April 23, 2026.
• On the same date, 2,395 shares were disposed (code F) at $34.38 per share to cover tax liabilities, generating proceeds of $82,340. Net shares retained from the award appear to be 778 shares (3,173 awarded minus 2,395 withheld).

Key Details

• Transaction date: April 23, 2026.
• Award: 3,173 shares (code A); acquisition price reported as N/A (performance-based vesting).
• Tax withholding/disposition: 2,395 shares at $34.38 per share; total $82,340 (code F).
• Shares owned after transaction: Not reported in the filing.
• Footnote: The 3,173 shares were issued upon settlement of performance-based vesting criteria met on April 23, 2026 (Footnote F1).
• Filing date: April 27, 2026 — filed within the typical two-business-day Form 4 window for an April 23 transaction (timely).

Context

• This was not an open-market purchase. It was a performance-based equity award with shares withheld/sold to satisfy tax obligations — a common, routine administration of equity compensation rather than a trading decision.
• The withholding reduced the immediate net gain in Colombo’s holdings; the transaction does not necessarily indicate a change in insider sentiment.