Camden National (CAC) EVP has 260 shares withheld for equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAMDEN NATIONAL CORP executive Barbara Raths reported share dispositions tied to tax withholding, not market trades. On April 24, 2026, a total of 260 shares of common stock were withheld at $49.68 per share to cover minimum tax obligations on equity awards that vested on April 25, 2026.
Footnotes explain that 162 shares were withheld for restricted shares that vested, and 98 shares were withheld for restricted stock units granted under the issuer's 2023-2025 Long-Term Performance Plan. These transactions are coded as tax-withholding dispositions and reflect compensation-related withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Raths Barbara
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 98 | $49.68 | $5K |
| Tax Withholding | Common Stock | 162 | $49.68 | $8K |
Holdings After Transaction:
Common Stock — 8,398 shares (Direct, null)
Footnotes (1)
- Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 25, 2026, using the April 24, 2026 price. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026, using the April 24, 2026 Price. Includes 4,946 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Key Figures
Tax-withholding shares: 260 shares
First tax-withholding lot: 162 shares
Second tax-withholding lot: 98 shares
+2 more
5 metrics
Tax-withholding shares
260 shares
Total shares withheld for minimum tax obligations
First tax-withholding lot
162 shares
Withheld for vested restricted shares on April 25, 2026
Second tax-withholding lot
98 shares
Withheld for vested RSUs under 2023-2025 Long-Term Performance Plan
Share price used
$49.68 per share
April 24, 2026 price used to calculate tax withholding
Unvested equity awards
4,946 units/shares
Restricted stock units and restricted shares subject to vesting and forfeiture
Key Terms
restricted stock units, Long-Term Performance Plan, tax withholding obligation, restricted shares
4 terms
restricted stock units financial
"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Performance Plan financial
"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan"
tax withholding obligation financial
"shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares"
FAQ
What insider transactions did CAMDEN NATIONAL CORP (CAC) EVP Barbara Raths report?
Barbara Raths reported two Form 4 transactions where a total of 260 CAMDEN NATIONAL CORP common shares were disposed. The shares were withheld by the company to satisfy minimum tax withholding obligations related to vesting restricted shares and restricted stock units, rather than open-market trades.
Were the CAMDEN NATIONAL CORP (CAC) Form 4 transactions open-market sales or tax withholding?
The Form 4 transactions were tax withholding, not open-market sales. Both are coded as “F” transactions, with footnotes stating the 260 withheld shares covered minimum tax obligations on vested restricted shares and restricted stock units using the April 24, 2026 share price.
What equity awards are referenced in Barbara Raths’s CAMDEN NATIONAL CORP (CAC) Form 4?
The Form 4 references restricted shares and restricted stock units. Footnotes note RSUs granted under the issuer’s 2023-2025 Long-Term Performance Plan and state that 4,946 restricted stock units and restricted shares remain subject to vesting and forfeiture restrictions after these tax-withholding transactions.
Does Barbara Raths still hold unvested equity in CAMDEN NATIONAL CORP (CAC) after these transactions?
Yes. A footnote states that 4,946 restricted stock units and restricted shares remain outstanding and are subject to vesting and forfeiture restrictions. These awards are separate from the 260 shares withheld to satisfy minimum tax withholding obligations on April 25, 2026 vesting events.