Form 4: Camden National Corp Executive Vice President David Ackley Reports Stock Transactions

David Ackley, EVP of Camden National Corp, reports disposition of shares to cover tax obligations related to vesting restricted stock units and Management Stock Purchase Plan shares.

Summary

• On March 8, 2024, David Ackley, an Executive Vice President at Camden National Corp, disposed of 104 shares of common stock at a price of $32.92 per share to satisfy tax withholding obligations on vested restricted stock units.
• Additionally, 45 shares were disposed of at the same price to cover tax obligations related to vested shares from the Management Stock Purchase Plan (MSPP).
• Following these transactions, Ackley directly owns 7,611.98 shares of Camden National Corp, which includes 3,971 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 executive, which is common in the financial industry. It reflects the executive's management of their equity compensation and does not necessarily indicate a change in the company's outlook.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates