Camden National (CAC) EVP awarded 1,064 restricted stock units as equity compensation

Rhea-AI Filing Summary

Martel William H reported acquisition or exercise transactions in this Form 4 filing.

Camden National Corp EVP William H. Martel received a grant of 1,064 shares of common stock as restricted stock units under the company’s 2023-2025 Long-Term Performance Share Plan. The award carries no purchase price and is scheduled to vest on April 25, 2026, contingent on continued employment. After this grant, Martel directly holds 21,355 shares of common stock, including 8,588 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. This filing reflects equity-based compensation rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Martel William H

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,064	$0.00	--

Holdings After Transaction: Common Stock — 21,355 shares (Direct)

Footnotes (1)

1. Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting. Includes 8,588 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

RSU grant size: 1,064 shares Grant price: $0.0000 per share Total holdings after grant: 21,355 shares +2 more

5 metrics

RSU grant size 1,064 shares Restricted stock units granted to EVP William H. Martel

Grant price $0.0000 per share Price per share for the RSU grant

Total holdings after grant 21,355 shares Common stock directly held by Martel following the transaction

Unvested awards included 8,588 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Vesting date April 25, 2026 Scheduled vesting date for the 1,064 RSUs, subject to continued employment

Key Terms

restricted stock units, 2023-2025 Long-Term Performance Share Plan, vesting, forfeiture restrictions

4 terms

restricted stock units financial

"Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share 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.

2023-2025 Long-Term Performance Share Plan financial

"Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan"

vesting financial

"that is scheduled to vest on April 25, 2026, subject to continued employment"

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

"Includes 8,588 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"

Form 4 Insider Transactions: What Each Field Means →

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^*

Martel William H

(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)
03/27/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/27/2026		A		1,064(1)	A	$0	21,355(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting.

2. Includes 8,588 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/31/2026
	** 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)

FAQ

What did Camden National (CAC) EVP William Martel report in this Form 4?

EVP William H. Martel reported receiving 1,064 shares of Camden National common stock as a restricted stock unit grant. The award is part of equity compensation and does not involve an open-market share purchase or sale.

Is the Camden National (CAC) Form 4 transaction a stock purchase or compensation grant?

The transaction is a compensation-related grant, not a stock purchase. Martel received 1,064 restricted stock units at no cost under the 2023-2025 Long-Term Performance Share Plan, subject to specified vesting conditions.

When do William Martel’s new Camden National (CAC) restricted stock units vest?

The 1,064 restricted stock units granted to William H. Martel are scheduled to vest on April 25, 2026. Vesting depends on his continued employment through that date, according to the plan terms disclosed.

How many Camden National (CAC) shares does William Martel hold after this grant?

Following the grant, Martel directly holds 21,355 shares of Camden National common stock. This total includes 8,588 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions.

What plan governs the restricted stock unit grant to Camden National (CAC) EVP Martel?

The grant of 1,064 restricted stock units to EVP William H. Martel is made under Camden National’s 2023-2025 Long-Term Performance Share Plan, which provides equity awards that vest over time subject to employment conditions.