Form 4: Camden National Corp Executive Patricia A. Rose Reports Acquisition and Disposal of Common Stock

Patricia A. Rose, EVP of Camden National Corp, reports acquiring 1,606 shares of common stock and disposing of 134 shares to cover tax obligations.

Summary

• On April 29, 2025, Patricia A. Rose, an EVP at Camden National Corp, acquired 1,606 shares of common stock at a price of $39.22 per share.
• This acquisition was a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan.
• These shares are scheduled to vest pro-rata over the next three years, contingent upon continued employment.
• On April 30, 2025, Ms. Rose disposed of 134 shares at $38.52 per share to satisfy tax withholding obligations on restricted shares that vested.
• Following these transactions, Ms. Rose beneficially owns 26,442.069 shares of Camden National Corp.
• This total includes 5,269 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and tax obligations. There are no indications of unusual or concerning activity.

Positives

• The grant of restricted stock to an executive aligns their interests with those of the shareholders, incentivizing them to improve company performance.

Future Outlook

The restricted stock awards are scheduled to vest pro-rata over the next three years, subject to continued employment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair markets.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock awards to align management's interests with shareholders, a common practice among publicly traded companies.
• Tax withholding on vested shares is a standard procedure in equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Form 4, Beneficial Ownership, Patricia A. Rose, Camden National Corp, CAC, Restricted Stock, Executive Compensation