Form 4: Camden National Corp EVP Andrew Forbes Reports Stock Transaction
SEC Form 4 Filing
EVP Andrew Forbes of Camden National Corp reports disposition of shares to cover tax obligations from vested restricted stock units.
Summary
- On April 15, 2025, Andrew Forbes, an Executive Vice President at Camden National Corp, reported a transaction involving the company's common stock.
- Forbes disposed of 60 shares at a price of $37.4 to cover tax obligations related to vested restricted stock units.
- Following the transaction, Forbes beneficially owns 3,068 shares, which includes 2,910 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of stock transaction and vesting of restricted stock units. |
| 04/17/2025 | Date of signature on the report. |
Keywords
Form 4, Camden National Corp, Andrew Forbes, Stock Transaction, Beneficial Ownership, EVP, CAC, Restricted Stock Units, Tax Withholding
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