Form 4: Camden National Corp Executive Vice President Michael R. Archer Reports Stock Disposal for Tax Obligations

EVP Michael R. Archer of Camden National Corp disposed of 43 shares of common stock on March 7, 2025, to cover tax obligations related to vested Management Stock Purchase Plan shares.

Summary

• On March 7, 2025, Michael R. Archer, an Executive Vice President at Camden National Corp, disposed of 43 shares of common stock.
• The disposal was to satisfy tax withholding obligations related to shares that vested under the Management Stock Purchase Plan (MSPP).
• The price per share for the transaction was $41.47.
• Following the transaction, Archer beneficially owns 15,466.885 shares, which includes 9,181 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a small disposal of shares by an executive for tax purposes.

Key Dates