Form 4: Camden National Corp Executive Barbara Raths Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Barbara Raths, EVP of Camden National Corp, reports disposing of shares to cover tax obligations related to vested stock units and the Management Stock Purchase Plan.
Summary
- On March 7, 2025, Barbara Raths, an EVP at Camden National Corp, disposed of 106 shares of common stock at $41.47 per share to cover tax obligations related to vested restricted stock units.
- Additionally, Raths disposed of 29 shares at $41.47 per share to cover tax obligations related to the Management Stock Purchase Plan (MSPP).
- Following these transactions, Raths directly owns 5,765 shares of Camden National Corp, which includes 4,571 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of stock disposal for tax obligations related to vested restricted stock units and MSPP shares. |
| 03/11/2025 | Date of signature by Christopher G. Hutchinson, POA. |
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