Camden National (CAC) executive compensation, 2026 proxy

Simon R. Griffiths, President & CEO, was paid $2.3M in 2025, up 21% from $1.9M the year before. The CEO-to-median-employee pay ratio was 37:1, on median employee pay of $63,060.

Filed
April 3, 2026
Annual meeting
May 19, 2026
Pay year
2025
Named executives
5
CEO total pay
$2.3M+21% vs prior year
CEO to median employee
37:1median $63,060
CEO pay in equity
30%$700,245 in awards
Prior say-on-pay support
98%of votes cast
CEO Target Bonus
471,202Expressed in dollars as EAIP target
CEO Salary
$856,731Base salary for fiscal year
Prior Say on Pay
98%Support at previous annual meeting

How Griffiths was paid

$2.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary37%Stock awards30%Non-equity incentive26%All other compensation7%

Named executive officers

ExecutiveTotal
Simon R. GriffithsPresident & CEO$2,318,520
Michael R. ArcherEVP, CFO$846,958
William H. MartelEVP, Chief Technology Officer$742,136
Patricia A. RoseEVP, Retail & Mortgage Banking$721,529
Ryan A. SmithEVP, Chief Credit Officer$726,058

What changed and why

  • $2.3MCEO total compensation increased to $2,318,520 in 2025 from $1,923,165 in 2024.
  • 50%Long-term incentive awards consist of 50% performance shares and 50% restricted shares.
  • Performance shares depend on three-year performance goals.
  • Executive annual incentive program payouts were based on pre-established performance goals.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.