Form 4: Camden National Corp Executive Vice President David Ackley Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP David Ackley of Camden National Corp reports disposing of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 15, 2025, David Ackley, an Executive Vice President at Camden National Corp, disposed of 59 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $41.49 per share.
- Following the transaction, Ackley beneficially owns 11,432.069 shares, which includes 5,516 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard practice of covering tax obligations upon the vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock disposal and vesting of restricted stock units. |
| 05/19/2025 | Date of signature on the report by Christopher G. Hutchinson, POA. |
Keywords
Form 4, Beneficial Ownership, Executive Vice President, David Ackley, Camden National Corp, CAC, Stock Disposal, Tax Withholding, Restricted Stock Units
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