Rose Patricia A 4
Research Summary
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Camden National (CAC) EVP Patricia A. Rose Withholds 53 Shares for Taxes
What Happened Patricia A. Rose, Executive Vice President of Camden National Corp (CAC), had 53 shares withheld on March 6, 2026 to satisfy tax withholding related to shares that vested under the company’s Management Stock Purchase Plan (MSPP). The withholding used a price of $45.92 per share for a total value of $2,434. This is a tax-withholding disposition (routine) rather than an open-market sale.
Key Details
- Transaction date and price: March 6, 2026 — 53 shares withheld at $45.92 each (total $2,434).
- Transaction code: F (shares withheld to satisfy tax withholding).
- Filing date: Form 4 filed March 10, 2026; filing appears timely (within the standard 2 business-day window).
- Shares owned after transaction: Not specified in the provided summary of the filing.
- Notable footnotes from the filing:
- F1: Shares withheld to satisfy minimum tax withholding on MSPP shares that vested on March 7, 2026, using the March 6, 2026 price.
- F2: The filing notes 4,882 restricted stock units/restricted shares that remain subject to vesting/forfeiture.
- F3: Includes 147.182 shares acquired since the last filing via the company’s dividend reinvestment program.
Context This was a routine tax-withholding event related to vesting, not an indication that the insider sold shares on the open market. Such withholding is common when equity awards vest and does not necessarily reflect the insider’s view of the company’s stock.