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Gregory A. Dufour has been leading Camden National Corporation since January 2009, marking over two decades of service with the company. He started his journey with Camden National in 2001 as Senior Vice President of Finance and climbed the ranks,...

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Gregory A. Dufour

Ex-CEO of Camden National

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1960 - 65 years ago

CEO of Camden National for

11 years 2 months (Jan 2009 - Mar 2020)

Previous Experience

Senior Vice President of Finance, Chief Banking Officer, and President & COO of Camden National Bank

Holdings

See how much did Gregory A. Dufour make over time.

Dufour's asset holdings show significant engagement with Camden National Corporation. Over the years, he has maintained a substantial stake in the company, aligning his interests closely with shareholder outcomes. His holdings peaked notably around 2015 during a time of high...

Total Stock Sold

$249.66K

CAC

$249.66K

11,650 CAC shares

What if they kept their stock?

If Gregory A. Dufour didn't sell their stock, today they would have:
Extra CAC11,650 shares worth $388.18K.
This is 55.48% and $138.52K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gregory A. Dufour.

CAC

4,715 shares

CAC

Apr 25, 2023

Received

CAC

4,782 shares

CAC

Mar 31, 2023

Received

CAC

$25.69K

CAC at $29.09/share

Mar 9, 2023

Received

CAC

8,500 shares

CAC

Apr 26, 2022

Received

CAC

$53.26K

CAC at $37.43/share

Mar 10, 2022

Received

CAC

$53.26K

CAC at $37.43/share

Mar 10, 2022

Purchase

CAC

7,278 shares

CAC

Apr 27, 2021

Received

CAC

$75.32K

CAC at $36.14/share

Mar 11, 2021

Purchase

CAC

3,869 shares

CAC

Apr 28, 2020

Received

CAC

$68.94K

CAC at $23.15/share

Mar 12, 2020

Purchase

Compensation History

See how much did Gregory A. Dufour make over time.

In 2020, Gregory A. Dufour received a total compensation of $470,000 from Camden National Corporation. His package included a $400,000 salary and a $50,000 performance-based bonus, which is tied to company metrics like net income and return on equity. There were also 1,000 vested stock units worth $30,000 added to his package, reflecting the value of shares from previous years. Additionally, Dufour received $20,000 in other benefits, which included retirement contributions and health benefits. Throughout his career, Dufour's compensation structure has reflected a clear philosophy: to tie pay closely to the company's financial performance and to retain top executive talent. His compensation peaked in 2015 at $779,207, showcasing the financial success during that period, driven by effective management and strategic growth initiatives.

Year

2020

Total Compensation

$500.00K

Salary

$400.00K

Board Justification

The compensation philosophy aligns with company performance and aims to retain top talent while being competitive with peer institutions.

Bonus

$50.00K

Board Justification

The bonus is based on the company's performance metrics, including net income and return on equity, and is paid out annually.

Other

$20.00K

Board Justification

Other compensation includes retirement contributions and health benefits.

Restricted Stock

$30.00K(1K RSU)

Board Justification

The vested stock consists of restricted stock units (RSUs) that were granted in previous years and vested in 2020.

Performance Metrics

The performance metrics include financial targets such as net income growth and return on equity.