Form 4: Camden National Corp EVP Michael R. Archer Reports Tax Withholding Transaction
SEC Form 4 Filing
Michael R. Archer, EVP of Camden National Corp, reports disposition of shares to cover tax obligations from vested restricted stock units.
Summary
- On May 15, 2025, Michael R. Archer, an Executive Vice President at Camden National Corp, disposed of 59 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $41.49 per share.
- Following the transaction, Archer directly owns 17,555.885 shares of Camden National Corp, which includes 7,942 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard tax obligation fulfillment related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Disposition of shares for tax withholding. |
| 05/15/2025 | Restricted stock units vested. |
| 05/19/2025 | Date of signature on the report. |
Keywords
Form 4, Camden National Corp, CAC, Michael R. Archer, Executive Vice President, Tax Withholding, Restricted Stock Units, Beneficial Ownership, Section 16(a)
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