Archer Michael R 4
Research Summary
AI-generated summary
Camden National (CAC) EVP Michael R. Archer Receives Award
What Happened
- Michael R. Archer, Executive Vice President of Camden National Corp (CAC), received a grant of 967 restricted stock units (RSUs) on 2026-03-27. The grant is reported at $0 (award), and each RSU represents the right to receive one share of common stock at vesting.
Key Details
- Transaction date: 2026-03-27; Filing date: 2026-03-31 (Form 4) — filing appears timely.
- Grant type/price: Award of 967 RSUs recorded at $0 (award/grant).
- Vesting: Scheduled to vest on April 25, 2026, subject to continued employment through that date (per footnote).
- Shares owned / holdings note: Footnote indicates holdings include 9,157 restricted stock units and restricted shares that remain subject to vesting and forfeiture.
- No 10b5-1 plan, tax-withholding sale, or exercise reported in this filing.
Context
- This is an equity award (compensation), not an open‑market purchase or sale. RSU grants are common executive compensation and only convert to actual shares if and when they vest; the economic value at vesting will depend on Camden National’s share price then.