Vanguard Amends Camden National Corp Stake, Reports 8,812 Shared Votes

TL;DR

**Vanguard updated its passive stake in Camden National Corp, holding 8,812 shared voting shares.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Camden National Corp. As of December 29, 2023, Vanguard reported beneficial ownership of 8,812 shares with shared voting power and 74 shares with sole dispositive power. This update indicates Vanguard's continued, albeit minor, passive investment in Camden National Corp, which is important for investors to know as it reflects institutional confidence, or lack thereof, in the company's long-term prospects.

Why It Matters

This filing shows Vanguard's updated, passive ownership in Camden National Corp, providing transparency on institutional investment and potentially influencing investor sentiment.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any significant change in company control or strategy.

Analyst Insight

Investors should note Vanguard's updated, passive stake as a data point, but not interpret it as a signal for significant price movement or strategic change given the small number of shares and passive nature of the filing.

Key Numbers

• 8,812 — Shared Voting Power Shares (Represents the number of shares Vanguard can vote in conjunction with others.)
• 74 — Sole Dispositive Power Shares (Represents the number of shares Vanguard can sell or dispose of independently.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Camden National Corp (company) — subject company whose securities are being reported
• 8,812 (dollar_amount) — number of shares with shared voting power
• 74 (dollar_amount) — number of shares with sole dispositive power
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a passive investment strategy in Camden National Corp. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv0518-camdennationalcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020515.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Camden National Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 2 Elm Street Camden, ME 04843-1947

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 133034108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration