Camden National (CAC) EVP has 49 shares withheld for tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp EVP Michael R. Archer reported a small, routine tax-related share disposition. On March 6, 2026, 49 shares of common stock were withheld to satisfy minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026, using the March 6, 2026 price.
After this tax-withholding disposition, Archer directly holds 18,952.073 shares of Camden National common stock, including 8,666 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Archer Michael R
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 49 | $45.92 | $2K |
Holdings After Transaction:
Common Stock — 18,952.073 shares (Direct)
Footnotes (1)
- Consists of shares withheld in order to satisfy the minimum tax withholding obligation on the Management Stock Purchase Plan ("MSPP") shares that vested on March 7, 2026, using the March 6, 2026 price. Includes 8,666 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
FAQ
What insider transaction did Camden National (CAC) EVP Michael R. Archer report?
EVP Michael R. Archer reported a small tax-related share disposition. On March 6, 2026, 49 Camden National common shares were withheld to cover minimum tax obligations tied to Management Stock Purchase Plan shares that vested on March 7, 2026.
Was the Camden National (CAC) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 49 Camden National shares were withheld by the company to satisfy minimum tax withholding obligations on vested Management Stock Purchase Plan shares, a routine administrative event rather than a discretionary sale.
What triggered the tax withholding in Michael R. Archer’s Camden National (CAC) filing?
The tax withholding was triggered by the vesting of Management Stock Purchase Plan shares. These shares vested on March 7, 2026, and Camden National used the March 6, 2026 share price to withhold 49 shares to meet Archer’s minimum tax obligation.