Form 4: Camden National Corp EVP David Ackley Reports Tax Withholding Transaction
SEC Form 4 Filing
EVP David Ackley of Camden National Corp reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 15, 2024, David Ackley, EVP of Camden National Corp, disposed of 69 shares of common stock to satisfy tax withholding obligations.
- The shares were withheld at a price of $33.4 per share.
- Following the transaction, Ackley beneficially owns 8,885.98 shares, including 4,507 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: shares withheld for tax obligations and restricted stock units vested. |
| 05/17/2024 | Date of signature on the report. |
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