Form 4: Camden National Corp EVP Barbara Raths Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Barbara Raths, EVP of Camden National Corp, reported disposing of common stock to cover tax withholding obligations related to vested restricted stock units.
Summary
- On March 11, 2024, Barbara Raths, an Executive Vice President at Camden National Corp, disposed of 28 shares of common stock at a price of $33.11 to cover tax obligations.
- On March 12, 2024, Raths disposed of 11 shares of common stock at a price of $32.58 for the same reason.
- Following these transactions, Raths directly owns 2,950 shares of Camden National Corp, which includes 2,277 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing relates to routine tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Disposal of 28 shares of common stock at $33.11 per share to cover tax obligations. |
| 03/12/2024 | Disposal of 11 shares of common stock at $32.58 per share to cover tax obligations. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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