Form 4: Camden National Corp EVP Garrett McKnight Reports Stock Disposal for Tax Obligations

Garrett McKnight, EVP of Camden National Corp, disposed of 109 shares of common stock on April 25, 2025, to cover tax obligations related to vested restricted shares.

Summary

• On April 25, 2025, Garrett McKnight, an Executive Vice President at Camden National Corp, disposed of 109 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations on restricted shares that vested on the same date.
• The shares were sold at a price of $38.74 per share.
• Following the transaction, McKnight directly owns 3,085 shares of Camden National Corp, which includes 2,816 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares and is related to tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Camden National Corp, CAC, Garrett McKnight, Executive Vice President, Stock Disposal, Tax Withholding, Restricted Shares, Insider Trading