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 related to vested stock.
Summary
- On March 8, 2024, Renee Smyth, an Executive Vice President at Camden National Corp, disposed of 278 shares of common stock to satisfy tax withholding obligations related to the Management Stock Purchase Plan (MSPP).
- The shares were sold at a price of $32.92 per share.
- Following the transaction, Smyth beneficially owns 22,647.56 shares of Camden National Corp, which includes 8,022 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 7
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. There is no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (disposal of shares). |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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