Form 4: Camden National Corp Executive Stock Withholding

EVP Renee Smyth reported the withholding of 258 shares of Camden National Corp common stock to satisfy tax obligations.

Summary

• Renee Smyth, EVP of Camden National Corp, reported the disposition of 258 shares of common stock.
• 140 shares were withheld on April 29, 2026, at a price of $47.97 per share.
• 118 shares were withheld on April 30, 2026, at a price of $48.17 per share.
• The transactions were executed to satisfy minimum tax withholding obligations related to the vesting of restricted shares.
• Following these transactions, the reporting person holds 29,280.604 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the reduction in shares is purely for tax compliance purposes rather than a discretionary sale.

Positives

• The transaction reflects the vesting of restricted stock units, indicating ongoing compensation-based equity alignment.

Negatives

• The reporting person reduced their total beneficial ownership by 258 shares.

Risks

• None identified; this is a routine tax-related transaction.

Future Outlook

Not applicable as this is a routine disclosure of insider stock transactions.

Industry Context

StockSavvy.ai notes that tax-related share withholding is a standard administrative procedure for executives receiving equity-based compensation and does not typically signal a change in management sentiment regarding the company's outlook.

Comparison to Industry Standards

• The transaction is consistent with standard executive compensation practices in the regional banking sector.

Stakeholder Impact

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

Next Steps

• None

Key Dates

Keywords

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