Form 4: Camden National Corp Executive Vice President David Ackley Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President David Ackley of Camden National Corp reports a transaction involving common stock due to tax withholding obligations on vested restricted stock units.
Summary
- On July 15, 2024, David Ackley, an Executive Vice President at Camden National Corp, had 33 shares of common stock disposed of to cover tax obligations.
- This transaction occurred because of the vesting of restricted stock units.
- Following the transaction, Ackley beneficially owns 8,852.98 shares of Camden National Corp, which includes 4,396 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions related to executive compensation, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: 33 shares of common stock disposed of to cover tax obligations on vested restricted stock units. |
| 07/17/2024 | Date of signature on the report by Christopher G. Hutchinson, POA. |
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