Form 4: Camden National Corp EVP William H. Martel Reports Stock Disposal for Tax Obligations
SEC Filing
William H. Martel, EVP of Camden National Corp, disposed of 136 shares of common stock on April 25, 2024, to cover tax obligations related to vested restricted shares.
Summary
- On April 25, 2024, William H. Martel, an Executive Vice President at Camden National Corp (CAC), disposed of 136 shares of common stock.
- The transaction was executed to satisfy the minimum tax withholding obligation on restricted shares that vested on the same date.
- The shares were disposed of at a price of $30.69 per share.
- Following the transaction, Martel beneficially owns 15,827 shares of Camden National Corp, which includes 8,867 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for insights into management's perspective on the company's stock. Disposal of shares to cover tax obligations is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Disposal of 136 shares and vesting of restricted shares. |
| 04/29/2024 | Date of signature by Christopher G. Hutchinson, POA. |
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