Form 4: Camden National Corp CEO Griffiths Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Simon Griffiths of Camden National Corp sold shares to cover tax obligations related to vesting restricted shares and stock units.
Summary
- On April 25, 2025, Simon Griffiths, CEO of Camden National Corp, disposed of shares to cover tax obligations.
- 542 shares were sold at $38.74 to cover taxes on restricted shares vesting on April 25, 2025.
- 304 shares were sold at $38.74 to cover taxes on restricted shares vesting on April 26, 2025.
- 243 shares were sold at $38.74 to cover taxes on restricted stock units vesting on April 26, 2025, granted under the 2022-2024 Long-Term Performance Plan.
- Following these transactions, Griffiths beneficially owns 23,959 shares, including 18,086 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Executive share sales to cover tax obligations upon vesting of restricted stock are a common practice in publicly traded companies. This filing reflects routine compensation-related transactions.
Key Dates
| Date | Description |
|---|---|
| 04/25/2025 | Date of earliest transaction; shares sold to cover tax obligations on vesting restricted shares. |
| 04/25/2025 | Shares withheld to satisfy tax obligations on restricted shares that vested on this date. |
| 04/26/2025 | Shares withheld to satisfy tax obligations on restricted shares and stock units that vested on this date. |
| 04/29/2025 | Date of signature by Christopher G. Hutchinson, POA. |
Keywords
Form 4, SEC Filing, Camden National Corp, CAC, Simon Griffiths, CEO, Share Sale, Tax Obligations, Restricted Shares, Restricted Stock Units, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.