Form 4: Camden National Corp Executive Michael R. Archer Reports Stock Transactions
SEC Form 4
EVP Michael R. Archer of Camden National Corp reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 10, 2025, Michael R. Archer, an EVP at Camden National Corp, disposed of 59 shares of common stock at a price of $40.28 per share to cover tax obligations.
- Following this transaction, Archer directly owns 15,407.885 shares of Camden National Corp.
- On March 11, 2025, Archer disposed of 45 shares of common stock at a price of $40.32 per share to cover tax obligations.
- Following this transaction, Archer directly owns 15,362.885 shares of Camden National Corp, which includes 8,831 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 transactions for tax purposes.
Industry Context
This filing is a routine disclosure related to executive compensation and does not suggest any broader industry trends.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Disposal of 59 shares of Common Stock at $40.28 per share to cover tax obligations. |
| 03/11/2025 | Disposal of 45 shares of Common Stock at $40.32 per share to cover tax obligations. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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