Form 4: Camden National Corp EVP Griffiths Sells Shares to Cover Tax Obligations

EVP Simon Griffiths of Camden National Corp sold 304 shares of common stock on April 26, 2024, to cover tax obligations related to vested restricted shares.

Summary

• On April 26, 2024, Simon Griffiths, an Executive Vice President at Camden National Corp, disposed of 304 shares of common stock.
• The transaction was executed to cover the minimum tax withholding obligation on restricted shares that vested on the same date.
• The shares were sold at a price of $30.5.
• Following the transaction, Griffiths beneficially owns 10,245 shares, which includes 8,198 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 stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Simon Griffiths, transact in their company's stock. These filings provide transparency to the market regarding the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares sold by an executive to cover tax obligations.

Key Dates