Form 4: Camden National Corp Executive David Ackley Reports Stock Disposals to Cover Tax Obligations

David Ackley, EVP of Camden National Corp, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 11, 2024, David Ackley, an Executive Vice President at Camden National Corp, disposed of 52 shares of common stock at a price of $33.11 to cover tax obligations.
• Following this transaction, Ackley directly owns 7,559.98 shares of Camden National Corp.
• On March 12, 2024, Ackley disposed of 35 shares of common stock at a price of $32.58 to cover tax obligations.
• Following this transaction, Ackley directly owns 7,524.98 shares of Camden National Corp, which includes 3,721 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, like officers and directors, trade in their company's stock. These filings provide transparency into insider transactions and can be used by investors to gauge management's sentiment and alignment with shareholder interests.

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 Ackley's holdings.

Key Dates