CAMDEN NATIONAL CORP
For the period ended May 19, 2026. Filed Apr 3, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 19, 2026 · Filed Apr 3, 2026
CAC$58.02+0.2%Stored close · as of Nov 6, 2026
Contents
Compensation Program Components
Compensation Discussion and Analysis
2025 COMPENSATION PROGRAM COMPONENTS
In 2025, the compensation for the Company's executives, including the named executive officers, was comprised of the following elements:
| Element | Description | Primary Objectives |
|---|---|---|
| Base Salary | Fixed cash payment reflecting the executive’s responsibilities, performance and expertise. | •Fixed level of compensation appropriate for the named executive officer's role•Recruit and retain executives |
| Executive Annual Incentive Program (“EAIP”) | Annual cash incentive which is contingent on achievement of Company and individual performance goals related to the current fiscal year. | •Encourage and reward individual and Company performance relative to current plans and objectives |
| Long-Term Incentive Program (“LTIP”) | Annual equity grants are allocated 50% as performance shares and 50% as service-based restricted stock. The performance shares are granted with the opportunity to earn from 0% to 200% of the target award contingent on the Company’s achievement of pre-defined performance goals over a three-year performance period. The service-based restricted shares are intended to encourage retention and vest one-third per year over three years. | •Promote achievement of long-term financial and strategic objectives•Align the interests of executives with shareholders•Provide retention |
| Management Stock Purchase Program (“MSPP”) | Executives and officers at the level of vice president and above may elect to receive restricted shares in lieu of up to 20% of the annual cash incentive at a discount. Executives are required to participate at the 20% level until the executive’s stock ownership requirements are satisfied. Restricted shares granted under the MSPP cliff-vest after two years. | •Promote executive stock ownership•Align the interests of executives with shareholders•Provide retention |
| Retirement and Other Benefits | Qualified and non-qualified deferred compensation plans, defined contribution retirement plans, and other benefits. | •Provide retention•Maintain market competitiveness•Support financial security |
| 48 | Camden National Corporation 2026 Proxy Statement |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.