Form 4: Camden National Corp Executive Ryan A. Smith Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
EVP Ryan A. Smith of Camden National Corp reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units and shares.
Summary
- On April 25, 2025, Ryan A. Smith, an EVP at Camden National Corp, had shares withheld to cover tax obligations related to vesting restricted stock units and shares.
- A total of 1,010 shares were withheld at a price of $38.74 per share.
- Following these transactions, Smith directly owns 20,982 shares of Camden National Corp, which includes 6,367 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding share transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax obligations, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/25/2025 | Date of share withholding for tax obligations related to vesting restricted stock units and shares. |
| 04/26/2025 | Date of vesting for some restricted shares, with share withholding calculated using the April 25, 2025 price. |
| 04/29/2025 | Date of signature by Christopher G. Hutchinson, POA. |
Keywords
Form 4, Beneficial Ownership, Ryan A. Smith, Camden National Corp, CAC, Share Withholding, Tax Obligations, Restricted Stock Units, Restricted Shares, Vesting
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.