Form 4: Camden National EVP's Stock Withholding for Taxes

Camden National Corp EVP Michael R. Archer reported the withholding of shares to cover tax obligations on vested restricted stock units.

Summary

• Michael R. Archer, Executive Vice President (EVP) of Camden National Corp (CAC), filed a Form 4.
• The filing reports the disposition of shares to satisfy minimum tax withholding obligations on vested restricted stock units.
• On March 10, 2026, 59 shares of Common Stock were disposed of at a price of $45.84 per share.
• On March 11, 2026, 45 shares of Common Stock were disposed of at a price of $45.41 per share.
• Following these transactions, Michael R. Archer beneficially owns 18,848.073 shares of Common Stock.
• The beneficial ownership includes 8,316 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it reflects a standard, non-discretionary transaction related to executive compensation and tax obligations, rather than a discretionary sale or purchase.

Industry Context

StockSavvy.ai notes that routine Form 4 filings for tax withholdings on vested equity compensation are common across all industries, particularly in financial services where executive compensation often includes significant equity components. These transactions are typically not indicative of management's sentiment towards the company's future prospects but rather a standard part of managing equity awards.

Stakeholder Impact

• Minimal direct impact on shareholders, as these are routine tax-related dispositions of shares from an executive's vested equity compensation.

Key Dates

Recommendation

This Form 4 filing details routine share withholdings for tax purposes related to vested restricted stock units by an executive. Such transactions are non-discretionary and do not reflect a change in the executive's investment sentiment or the company's operational performance. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

Camden National Corp, CAC, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Equity Compensation, Executive Compensation