CAC.NASDAQCamden National CORP

Form 4: Camden National Corp EVP Patricia A. Rose Reports Stock Disposals to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Patricia A. Rose, EVP of Camden National Corp, reports disposing of shares to cover tax obligations related to vesting restricted stock and units.

Summary

  • On April 26, 2024, Patricia A. Rose, EVP of Camden National Corp, disposed of common stock to cover tax obligations.
  • 79 shares were disposed of at $30.5 to satisfy tax obligations on restricted shares vesting on April 26, 2024.
  • 70 shares were disposed of at $30.5 to satisfy tax obligations on restricted shares vesting on April 27, 2024.
  • 276 shares were disposed of at $30.5 to satisfy tax obligations on restricted stock units vesting on April 27, 2024, under the 2021-2023 Long-Term Performance Plan.
  • Following these transactions, Rose beneficially owns 22,757.12 shares of Camden National Corp, including 6,725 restricted stock units and shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of stock transactions for tax purposes and does not indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

  • The stock disposal is unlikely to have a significant impact on shareholders as it is a routine transaction.

Key Dates

DateDescription
04/26/2024Date of earliest transaction: disposal of shares to cover tax obligations.
04/26/2024Restricted shares vested.
04/27/2024Restricted shares and restricted stock units vested.
04/30/2024Date of signature by Christopher G. Hutchinson, POA.

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