Form 4: Camden National Corp Executive VP William H. Martel Reports Stock Disposal for Tax Obligations

Executive VP William H. Martel of Camden National Corp reports disposing of 315 shares of common stock on March 8, 2024, to cover tax obligations related to vested Management Stock Purchase Plan shares.

Summary

• On March 8, 2024, William H. Martel, Executive VP of Camden National Corp, disposed of 315 shares of common stock.
• The disposal was to satisfy tax withholding obligations on shares that vested under the Management Stock Purchase Plan (MSPP).
• The price per share for the disposal was $32.92.
• Following the transaction, Martel beneficially owns 13,469 shares, including 7,645 restricted stock units and restricted shares subject to vesting and forfeiture restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation and tax obligations. There are no indications of positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.

Key Dates