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

William H. Martel, EVP of Camden National Corp, files an amended Form 4 to correct a clerical error in a previous filing regarding the number of shares beneficially owned.

Summary

• William H. Martel, 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 Form 4 filed on March 12, 2024.
• The error involved the number of shares withheld to satisfy minimum tax withholding obligations related to shares vested under the Management Stock Purchase Plan on March 8, 2024.
• The original filing incorrectly reported that 315 shares were withheld, but no shares should have been withheld.
• As a result, the amended Form 4 increases the total amount of shares beneficially owned by Martel by 315 shares, bringing the total to 13,784.
• The reported holdings include 7,645 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, which is neutral to slightly positive as it demonstrates transparency and compliance.

Negatives

• A clerical error led to an inaccurate initial filing, requiring an amendment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, ensuring transparency in the market.

Key Dates