Form 4: Camden National Corp Executive David Ackley Reports Stock Transactions

EVP David Ackley of Camden National Corp reports disposition of shares to cover tax obligations and acquisition of deferred stock awards.

Summary

• On March 14, 2024, David Ackley, an Executive Vice President at Camden National Corp, disposed of 35 shares of common stock at a price of $31.26 per share to satisfy tax withholding obligations on vested restricted stock units.
• On March 15, 2024, Ackley acquired 463 shares of common stock through deferred stock awards under the Defined Contribution Retirement Plan (DCRP) at a price of $0.
• Following these transactions, Ackley beneficially owns 7,997.98 shares, which includes 4,057 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 463 shares through deferred stock awards indicates a continued investment in the company's future by the executive.

Future Outlook

There are no explicit forward-looking statements in this document.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Key Dates