Form 4: Camden National Corp EVP Patricia A. Rose Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Patricia A. Rose, EVP of Camden National Corp, reports disposing of shares to cover tax obligations related to vesting restricted stock units and shares.
Summary
- On April 25, 2025, Patricia A. Rose, EVP of Camden National Corp, disposed of several blocks of common stock to satisfy tax withholding obligations.
- A total of 726 shares were disposed of at a price of $38.74 to cover taxes on restricted stock units vesting on April 25, 2025.
- An additional 121 shares were disposed of at $38.74 to cover taxes on restricted shares vesting on April 25, 2025.
- Another 82 shares were disposed of at $38.74 to cover taxes on restricted shares vesting on April 26, 2025.
- Finally, 98 shares were disposed of at $38.74 to cover taxes on restricted stock units granted under the 2022-2024 Long-Term Performance Plan vesting on April 26, 2025.
- Following these transactions, Rose directly owns 24,970.069 shares of Camden National Corp common stock, including 4,117 restricted stock units and shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports routine transactions related to tax obligations. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. This filing indicates routine transactions to cover tax obligations upon vesting of equity awards, which is a common practice among corporate executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/25/2025 | Date of earliest transaction: Disposal of shares to cover tax obligations on vesting restricted stock units and shares. |
| 04/26/2025 | Restricted shares and stock units vested under the 2022-2024 Long-Term Performance Plan. |
| 04/29/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock disposal, tax withholding, restricted stock units, Camden National Corp, CAC, Patricia A. Rose, EVP
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