Form 4: Camden National Corp Executive Simon Griffiths Reports Stock Transaction

Executive Vice President Simon Griffiths of Camden National Corp reported the disposal of 322 shares to cover tax obligations related to vested restricted stock units.

Summary

• Simon Griffiths, an Executive Vice President at Camden National Corp, filed a Form 4 indicating a transaction involving the company's stock.
• On December 13, 2024, Mr. Griffiths disposed of 322 shares of common stock at a price of $45.86 per share.
• This disposal was to cover the minimum tax withholding obligations on restricted stock units that vested on December 15, 2024.
• Following the transaction, Mr. Griffiths beneficially owns 17,850 shares, which includes 15,029 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is typical for executives receiving stock-based compensation, where shares are often sold to cover tax liabilities upon vesting.
• Similar transactions are regularly reported by executives at comparable financial institutions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.

Key Dates

Keywords

Form 4, insider trading, stock transaction, executive, restricted stock units, tax withholding, Camden National Corp, CAC