4/A: Camden National Corp Executive Vice President Corrects Beneficial Ownership Report

David Ackley, EVP of Camden National Corp, files an amended Form 4 to correct an error in the previously reported number of shares beneficially owned.

Summary

• David Ackley, an Executive Vice President at Camden National Corp, filed an amended Form 4 with the SEC.
• The amendment corrects a clerical error in the original filing from March 12, 2024, regarding the number of shares beneficially owned.
• The initial filing incorrectly reported that 45 shares were withheld to cover tax obligations related to vested shares under the Management Stock Purchase Plan on March 8, 2024.
• The corrected filing increases the total number of shares beneficially owned by 45 shares.
• The reporting person directly owns 7,569.98 shares of Common Stock, which includes 3,721 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in a regulatory filing. While the initial error is a minor negative, the prompt correction is a positive sign of management's attention to detail and compliance.

Positives

• The amended filing corrects a previous error, providing accurate information about the reporting person's beneficial ownership.

Negatives

• The initial filing contained a clerical error, which could have misled investors about the reporting person's holdings.

Risks

• Clerical errors in SEC filings can erode investor confidence and create regulatory scrutiny.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures that shareholders and potential investors have accurate information regarding insider ownership.

Key Dates