Form 4: Executive Withholds Shares for Tax on Vested Equity

A Camden National Corp. executive disposed of a small number of shares to cover tax obligations on recently vested restricted stock units.

Summary

• David Ackley, Executive Vice President (EVP) of Camden National Corp. (CAC), reported a transaction involving the company's common stock.
• On July 15, 2025, 33 shares of common stock were disposed of at a price of $41.58 per share.
• This disposition was specifically to satisfy the minimum tax withholding obligation on restricted stock units that vested on the same date.
• Following this transaction, David Ackley beneficially owns 11,399.069 shares of common stock.
• The reported beneficial ownership includes 5,405 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction related to tax withholding on vested equity, which is a neutral event for the company's overall performance or outlook.

Positives

• The vesting of restricted stock units indicates the executive's continued employment and the fulfillment of performance-based compensation criteria.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity compensation and routine tax-related share dispositions.
• Executive: Indicates the vesting of restricted stock units, leading to a taxable event and a slight reduction in direct share holdings due to tax withholding.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Restricted Stock Units, Equity Compensation, Executive Compensation, CAMDEN NATIONAL CORP, CAC