Camden National (CAC) EVP has 53 shares withheld for taxes, holds 27K+ shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camden National Corp EVP Patricia A. Rose had 53 shares of common stock withheld on March 6, 2026 to cover minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026. After this tax-withholding disposition, she directly holds 27,037.593 shares, including 4,882 restricted units/shares and 147.182 shares from dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rose Patricia A
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 53 | $45.92 | $2K |
Holdings After Transaction:
Common Stock — 27,037.593 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 4,882 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions. Includes 147.182 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
FAQ
What insider transaction did Camden National (CAC) report for EVP Patricia A. Rose?
Camden National reported a tax-related share withholding for EVP Patricia A. Rose. On March 6, 2026, 53 common shares were withheld to satisfy minimum tax on Management Stock Purchase Plan shares that vested on March 7, 2026, rather than sold in the open market.
Was the Camden National (CAC) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 53 shares were withheld by the company to cover minimum tax obligations tied to vested Management Stock Purchase Plan shares, making it a routine tax-withholding disposition instead of a discretionary sale for cash.
What triggered the tax withholding reported in Camden National (CAC) EVP’s Form 4?
The tax withholding was triggered by vesting of Management Stock Purchase Plan shares. On March 7, 2026, MSPP shares vested, and 53 shares were withheld the prior day using the March 6, 2026 price to satisfy minimum tax withholding obligations for EVP Patricia A. Rose.