Are David Ackley’s Camden National (CAC) transactions considered share sales?

These transactions are classified as tax-withholding dispositions, not open-market sales. The company withheld 241 shares to satisfy minimum tax obligations when restricted shares vested, which is a routine administrative step in equity compensation rather than a discretionary sale by the executive.

Camden National (CAC) EVP covers tax obligations with share withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley reported routine tax-related share withholdings. On April 29 and 30, 2026, a total of 241 shares of common stock were withheld at prices of $47.97 and $48.17 per share to satisfy minimum tax obligations on vested restricted shares.

After these tax-withholding dispositions, Ackley directly holds 13,393.958 common shares, which include 5,402 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. These transactions do not represent open-market purchases or sales but standard tax-settlement mechanics tied to equity compensation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ackley David

Role EVP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	110	$48.17	$5K
Tax Withholding	Common Stock	131	$47.97	$6K

Holdings After Transaction: Common Stock — 13,393.958 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 29, 2026 Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026. Includes 5,402 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld Apr 29: 131 shares at $47.97 Shares withheld Apr 30: 110 shares at $48.17 Total shares withheld for tax: 241 shares +2 more

5 metrics

Shares withheld Apr 29 131 shares at $47.97 Tax-withholding disposition on April 29, 2026

Shares withheld Apr 30 110 shares at $48.17 Tax-withholding disposition on April 30, 2026

Total shares withheld for tax 241 shares Combined tax-withholding dispositions on April 29–30, 2026

Shares held after transactions 13,393.958 shares Direct holdings following April 30, 2026 disposition

Restricted units and shares 5,402 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Key Terms

tax-withholding disposition, restricted shares, restricted stock units, vesting, +1 more

5 terms

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted shares financial

"restricted shares that vested on April 29, 2026"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

restricted stock units financial

"Includes 5,402 restricted stock units and restricted shares"

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.

vesting financial

"restricted shares that vested on April 29, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

forfeiture restrictions financial

"restricted shares that are subject to vesting and forfeiture restrictions"

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 04:08 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ackley David

(Last)

(First)

(Middle)

2 ELM STREET

P.O. BOX 310

(Street)

CAMDEN

MAINE

04843

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAMDEN NATIONAL CORP [ CAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/29/2026		F		131⁽¹⁾	D	$47.97	13,503.958	D
Common Stock	04/30/2026		F		110⁽²⁾	D	$48.17	13,393.958⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 29, 2026

2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.

3. Includes 5,402 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	05/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Camden National (CAC) EVP David Ackley report in this Form 4?

EVP David Ackley reported tax-related share withholdings, not open-market trades. A total of 241 Camden National common shares were withheld to cover minimum tax obligations on restricted shares that vested on April 29 and April 30, 2026, as part of his equity compensation.

How many Camden National (CAC) shares were withheld for taxes for David Ackley?

A combined 241 Camden National common shares were withheld for David Ackley’s tax obligations. This included 131 shares at $47.97 per share and 110 shares at $48.17 per share, corresponding to restricted shares that vested on April 29 and April 30, 2026.

How many Camden National (CAC) shares does EVP David Ackley hold after these transactions?

Following the tax-withholding dispositions, EVP David Ackley directly holds 13,393.958 Camden National common shares. This figure includes 5,402 restricted stock units and restricted shares that remain subject to vesting schedules and potential forfeiture conditions under the company’s equity compensation plans.

What do the footnotes reveal about David Ackley’s Camden National (CAC) Form 4?

The footnotes explain that the 131 and 110 shares were withheld solely to satisfy minimum tax withholding obligations on restricted shares vesting on April 29 and April 30, 2026. They also note that 5,402 of Ackley’s reported holdings are restricted units and shares subject to vesting and forfeiture.