Form 4: Camden National Corp EVP Patricia A. Rose Reports Tax Withholding Transaction

Patricia A. Rose, EVP of Camden National Corp, reports disposition of shares to cover tax obligations upon vesting of restricted stock on April 25, 2024.

Summary

• On April 25, 2024, Patricia A. Rose, an Executive Vice President at Camden National Corp, disposed of 139 shares of common stock to cover tax withholding obligations.
• The shares were disposed of at a price of $30.69 per share.
• Following the transaction, Rose directly owns 23,182.12 shares of Camden National Corp, which includes 8,197 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a routine transaction related to tax obligations on vested stock. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Comparison to Industry Standards

• Executive stock transactions are a standard part of compensation packages in publicly traded companies like Camden National Corp.
• Similar filings are regularly made by executives at comparable institutions such as Bangor Savings Bank and KeyCorp.
• The number of shares withheld for tax obligations is typical for vesting events of this size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.
• The transaction affects Patricia A. Rose's directly held shares.

Key Dates