4/A: Camden National Corp Executive Corrects Filing Error, Reports Additional Shares Owned

Ryan A. Smith, EVP of Camden National Corp, amends a previous SEC Form 4 filing to correct a clerical error regarding tax withholding obligations, resulting in an increase of 296 shares beneficially owned.

Summary

• Ryan A. Smith, an EVP at Camden National Corp, filed an amended SEC Form 4 to correct an error in a previous filing on March 12, 2024.
• The original filing incorrectly reported the number of shares beneficially owned due to a miscalculation of tax withholding obligations related to shares that vested under the company's Management Stock Purchase Plan on March 8, 2024.
• The corrected filing increases the total amount of shares beneficially owned by the reporting person by 296 shares.
• The reporting person now beneficially owns 16,937 shares of Common Stock, which includes 7,644 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing error, which is neither particularly positive nor negative. The correction ensures transparency and compliance.

Negatives

• A clerical error in the original Form 4 filing led to an underreporting of shares beneficially owned.

Industry Context

This filing is a routine disclosure related to executive stock ownership and is specific to Camden National Corp.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding executive stock ownership.

Key Dates