Form 4: Camden National Corp EVP Andrew Forbes Reports Stock Transaction
SEC Form 4
EVP Andrew Forbes of Camden National Corp reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On April 25, 2025, Andrew Forbes, an Executive Vice President at Camden National Corp, disposed of 106 shares of common stock to cover tax obligations.
- The shares were sold at a price of $38.74 per share.
- Following the transaction, Forbes directly owns 2,962 shares of Camden National Corp, including 2,605 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/25/2025 | Date of stock transaction (disposal of shares). |
| 04/29/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Camden National Corp, Andrew Forbes, CAC, EVP
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