Form 4: Camden National Corp Executive Stock Withholding

EVP Michael R. Archer reported the withholding of shares to satisfy tax obligations related to restricted stock vesting.

Summary

• Michael R. Archer, EVP of Camden National Corp, reported the disposition of 337 shares of common stock.
• 184 shares were withheld on April 29, 2026, at a price of $47.97 to cover tax obligations from restricted stock vesting.
• 153 shares were withheld on April 30, 2026, at a price of $48.17 to cover tax obligations from restricted stock vesting.
• The reporting person acquired 87.367 shares through a dividend reinvestment program since the last filing.
• The reporting person maintains a total beneficial ownership of 21,089.44 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event, as the share reduction is purely for tax compliance purposes.

Positives

• The reporting person continues to hold a significant stake of 21,089.44 shares.
• The acquisition of 87.367 shares via dividend reinvestment indicates ongoing participation in the company's equity program.

Negatives

• The filing reflects a reduction in total share count due to tax withholding obligations.

Risks

• None identified; this is a routine administrative transaction related to tax compliance.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this is a standard regulatory disclosure for executive equity compensation and does not reflect a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The transaction is consistent with standard executive compensation practices in the regional banking sector.
• Tax withholding upon the vesting of restricted stock units is a common practice for publicly traded financial institutions.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related withholding.

Next Steps

• None mentioned.

Key Dates

Keywords

Camden National Corp, CAC, Form 4, Insider Trading, Tax Withholding, Executive Compensation