Form 4: Camden National Corp EVP Ryan A. Smith Reports Stock Transaction
SEC Form 4 Filing
EVP Ryan A. Smith of Camden National Corp reports disposition of 296 common stock shares to cover tax obligations related to vested Management Stock Purchase Plan shares.
Summary
- On March 8, 2024, Ryan A. Smith, an Executive Vice President of Camden National Corp, disposed of 296 shares of common stock to satisfy tax withholding obligations related to vested shares from the Management Stock Purchase Plan (MSPP).
- The shares were disposed of at a price of $32.92 per share.
- Following the transaction, Smith directly owns 16,676 shares of Camden National Corp, which includes 7,744 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves a small number of shares disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (disposal of shares). |
| 03/08/2024 | Date of vesting of Management Stock Purchase Plan shares. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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