Form 4: Camden National Corp Executive Ryan A. Smith Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Ryan A. Smith reports changes in beneficial ownership of Camden National Corp stock due to tax withholding on vested shares.
Summary
- Ryan A. Smith, an EVP at Camden National Corp, filed a Form 4 on March 11, 2025, reporting changes in beneficial ownership of the company's stock.
- The changes are related to the vesting of shares under the Management Stock Purchase Plan (MSPP) on March 7, 2025.
- 46 shares were withheld to satisfy the minimum tax withholding obligation at a price of $41.47 per share.
- Following the transaction, Smith directly owns 20,566 shares of Camden National Corp, which includes 8,995 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing is a routine disclosure of stock transactions related to compensation.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction (vesting of Management Stock Purchase Plan shares) |
| 03/11/2025 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.