Form 4: Camden National Corp EVP William H. Martel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William H. Martel, EVP of Camden National Corp, reports a transaction involving common stock related to tax withholding obligations on vested shares.
Summary
- On March 7, 2025, William H. Martel, EVP of Camden National Corp, had 48 shares of common stock disposed of to cover tax withholding obligations related to vested shares from the Management Stock Purchase Plan (MSPP).
- The transaction price was $41.47 per share.
- Following the transaction, Martel beneficially owns 17,515 shares, which includes 8,975 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares disposed of for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Disposal of 48 common stock shares for tax withholding. |
| 03/11/2025 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.