Form 4: Camden National Corp Executive Ryan A. Smith Reports Stock Transaction
SEC Form 4 Filing
EVP Ryan A. Smith of Camden National Corp reports disposition of 35 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 12, 2024, Ryan A. Smith, an Executive Vice President at Camden National Corp, disposed of 35 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations on restricted stock units that vested on the same date.
- The shares were disposed of at a price of $32.58 per share.
- Following the transaction, Smith directly owns 16,641 shares, which includes 7,644 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and doesn't indicate any particular positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of stock transaction and vesting of restricted stock units |
| 03/13/2024 | Date of signature on the report |
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