Form 4: Camden National Corp Executive Vice President Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Simon Griffiths, EVP of Camden National Corp, disposed of 542 shares of common stock on April 25, 2024, to cover tax obligations related to vested restricted shares.
Summary
- On April 25, 2024, Simon Griffiths, an Executive Vice President at Camden National Corp, disposed of 542 shares of common stock.
- The transaction was executed to cover the minimum tax withholding obligation on restricted shares that vested on the same date.
- The shares were sold at a price of $30.69 per share.
- Following the transaction, Griffiths beneficially owns 10,549 shares of Camden National Corp, which includes 9,232 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Disposal of shares and vesting of restricted shares. |
| 04/29/2024 | Date of signature by Christopher G. Hutchinson, POA. |
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