Form 4: Camden National Corp Executive Michael R. Archer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Michael R. Archer of Camden National Corp reports a transaction involving common stock related to tax withholding and dividend reinvestment.
Summary
- On May 15, 2024, Michael R. Archer, an EVP at Camden National Corp, had a transaction involving common stock.
- 59 shares were disposed of to satisfy tax withholding obligations on vested restricted stock units.
- Archer also acquired 58.05 shares through the company's dividend reinvestment program since the last filing.
- Following these transactions, Archer beneficially owns 14,487.16 shares, including 8,807 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine filing reflecting standard compensation practices and dividend reinvestment.
Positives
- Archer's participation in the dividend reinvestment program increased his holdings by 58.05 shares.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction involving common stock and vesting of restricted stock units. |
| 05/17/2024 | Date of signature on the report. |
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