Form 4: CEO Simon Griffiths Sells CAC Shares for Tax Obligation

Camden National Corp. CEO Simon Griffiths disposed of 322 shares of common stock to cover tax obligations on vested restricted stock units.

Summary

• Simon Griffiths, CEO of Camden National Corp. (CAC), reported a transaction involving the company's common stock.
• On December 15, 2025, Griffiths disposed of 322 shares of common stock.
• The shares were disposed of at a price of $45.68 per share.
• This disposition was to satisfy the minimum tax withholding obligation on restricted stock units that vested on the same date.
• Following this transaction, Griffiths beneficially owns 31,275 shares of Camden National Corp. common stock.
• This beneficial ownership includes 22,762 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance or future prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction by an executive, not a discretionary sale indicating lack of confidence.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by the CEO to cover tax obligations on vested restricted stock units. This type of transaction is common for executives and does not typically signal a change in the company's fundamentals or management's confidence. 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, Simon Griffiths, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, CEO