Form 4: Camden National Corp Executive Vice President David Ackley Reports Stock Disposals to Cover Tax Obligations

David Ackley, EVP of Camden National Corp, reports disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 10, 2025, David Ackley, an Executive Vice President at Camden National Corp, disposed of 53 shares of common stock at a price of $40.28 to cover tax obligations.
• Following this transaction, Ackley directly owns 9,483.069 shares of common stock.
• On March 11, 2025, Ackley disposed of 53 shares of common stock at a price of $40.32 to cover tax obligations.
• Following this transaction, Ackley directly owns 9,430.069 shares of common stock, which includes 4,555 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency into the actions of key personnel and their holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at comparable regional banks like Bangor Savings Bank and Northeast Bank, reflecting standard compliance procedures.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and involve a small number of shares.

Key Dates