Form 4: Camden National Corp EVP Ryan A. Smith Reports Tax Withholding Transactions

EVP Ryan A. Smith reports disposition of Camden National Corp shares to cover tax obligations upon vesting of restricted stock and units.

Summary

• On April 26, 2024, Ryan A. Smith, an EVP at Camden National Corp, disposed of shares to cover tax withholding obligations.
• A total of 77 shares were disposed of at a price of $30.5 to satisfy tax obligations on restricted shares vesting on April 26, 2024.
• An additional 69 shares were disposed of at $30.5 to cover tax obligations on restricted shares vesting on April 27, 2024.
• Furthermore, 271 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, Smith directly owns 18,444 shares of Camden National Corp, including 7,363 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine tax withholding obligations and does not indicate any strategic shift or concern.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates