Form 4: Camden National Corp Executive Vice President Renee Smyth Reports Stock Transaction
SEC Form 4 Filing
EVP Renee Smyth of Camden National Corp reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On April 25, 2024, Renee Smyth, an Executive Vice President at Camden National Corp, disposed of 125 shares of common stock to cover tax obligations.
- The shares were withheld to satisfy the minimum tax withholding obligation on restricted shares that vested on the same date.
- Following the transaction, Smyth beneficially owns 24,683.56 shares of Camden National Corp, which includes 8,876 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations on vested shares.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine part of executive compensation and tax management.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of stock transaction and vesting of restricted shares. |
| 04/29/2024 | Date of signature on the report. |
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