McKnight Garrett 4

What Happened

McKnight Garrett, Executive Vice President of Camden National Corp (CAC), acquired 760 shares on March 5, 2026 at $34.58 per share, for a total cash cost of $26,281. The shares were obtained through the company's Management Stock Purchase Plan (MSPP) as a discounted purchase/award.

Key Details

• Transaction date and price: March 5, 2026 — 760 shares at $34.58 each (total $26,281).
• Transaction type: Grant/acquisition under MSPP (SEC code A). This is a purchase/acquisition rather than a sale.
• Vesting/transfer restrictions: Shares were bought at a one‑fourth (25%) discount to the March 5, 2026 closing price and will cliff‑vest two years after issuance (per filing footnote).
• Shares owned after transaction: The filing does not state a total post‑transaction share count; it notes the insider's holdings include 4,454 restricted stock units/restricted shares that remain subject to vesting and forfeiture (footnote).
• Filing timeliness: Form filed March 9, 2026 for the March 5 transaction — appears to be timely under standard Form 4 rules.

Context

This was a discounted purchase under an employee stock purchase/management plan with multi‑year cliff vesting, so the shares are not immediately liquid. Purchases like this show an insider acquiring stock, but the vesting and discount structure mean the transaction is part of a compensation/retention program rather than an open‑market investment.