Form 4: Camden National Corp Insider Sells Shares

Andrew Forbes of Camden National Corp reported a disposition of company stock on April 24, 2026, involving shares withheld for tax obligations.

Summary

• Andrew Forbes, an EVP at Camden National Corp, reported a transaction on April 24, 2026.
• This transaction involved the disposition of 90 shares of common stock, acquired at a price of $49.68, resulting in 5,260 shares beneficially owned.
• Additionally, 149 shares were disposed of under similar circumstances, leaving 5,111 shares beneficially owned.
• These dispositions were due to shares being withheld to satisfy minimum tax withholding obligations on vested restricted shares and restricted stock units.
• The restricted stock units and shares are subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the reported transactions are standard procedures for tax withholding on vested equity and do not indicate a change in the insider's fundamental view of the company's prospects.

Negatives

• Insider disposition of shares, although for tax withholding, can sometimes be perceived negatively by the market.

Risks

• The filing mentions that 3,779 restricted stock units and restricted shares are subject to vesting and forfeiture restrictions, indicating potential future dilution or loss of equity for the reporting person if vesting conditions are not met.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The nature of this transaction, involving tax withholding on vested equity, is common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: The disposition of shares for tax withholding is a routine event and is not expected to have a significant impact on the share price or overall shareholder value. However, any insider selling can be a point of observation.

Key Dates

Keywords

Form 4, Insider Transaction, Camden National Corp, CAC, Stock Disposition, Restricted Stock Units, Tax Withholding, Beneficial Ownership