Form 4: Camden National Corp EVP Michael R. Archer Reports Stock Transaction
SEC Form 4 Filing
EVP Michael R. Archer of Camden National Corp reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 12, 2025, Michael R. Archer, an EVP at Camden National Corp, disposed of 30 shares of common stock to cover tax obligations.
- The shares were withheld to satisfy the minimum tax withholding obligation on restricted stock units that vested on the same date.
- The transaction price was $40.87 per share.
- Following the transaction, Archer beneficially owns 15,332.885 shares, including 8,731 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It's neutral in sentiment as it simply reports a required disclosure.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested equity compensation, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock transaction and vesting of restricted stock units. |
| 03/14/2025 | Date of signature by Christopher G. Hutchinson, POA. |
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