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Tax withholding on Camden National (CAC) EVP restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley reported routine tax-related share withholdings tied to restricted stock vesting. On March 10 and 11, 2026, a total of 89 shares of common stock were withheld to satisfy minimum tax obligations at prices of $45.84 and $45.41 per share.

After these transactions, Ackley directly holds 12,121.958 common shares, which include 5,507 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. These dispositions reflect tax withholding, not open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider Ackley David
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 45 $45.41 $2K
Tax Withholding Common Stock 44 $45.84 $2K
Holdings After Transaction: Common Stock — 12,121.958 shares (Direct)
Footnotes (1)
  1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 10, 2026. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 11, 2026. Includes 5,507 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
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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*
Ackley David
(Last) (First) (Middle)
2 ELM STREET
P.O. BOX 310
(Street)
CAMDEN ME 04843
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 03/10/2026 F 44(1) D $45.84 12,166.958 D
Common Stock 03/11/2026 F 45(2) D $45.41 12,121.958(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 10, 2026.
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 11, 2026.
3. Includes 5,507 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA 03/12/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Camden National (CAC) report for EVP David Ackley?

Camden National EVP David Ackley reported tax-related share withholdings. On March 10 and 11, 2026, company shares were withheld to cover minimum tax obligations on vested restricted stock units, rather than through open-market buying or selling.

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

A total of 89 Camden National shares were withheld for taxes. The Form 4 shows 44 shares withheld on March 10, 2026, and 45 shares withheld on March 11, 2026, to satisfy minimum tax withholding obligations on vested restricted stock units.

At what prices were Camden National (CAC) shares withheld for David Ackley?

Shares were withheld around the mid-$40 range per share. The report shows 44 shares withheld at $45.84 on March 10, 2026, and 45 shares withheld at $45.41 on March 11, 2026, solely to meet tax obligations on vested restricted stock units.

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

David Ackley holds 12,121.958 Camden National common shares afterwards. This direct holding includes 5,507 restricted stock units and restricted shares that remain subject to vesting and potential forfeiture conditions, as disclosed in the accompanying footnote.

Were David Ackley’s recent Camden National (CAC) transactions open-market sales?

No, the transactions were tax-withholding dispositions, not open-market sales. The filing specifies code F events where shares were withheld by the company to pay minimum tax liabilities on restricted stock units that vested on March 10 and 11, 2026.

What do the restricted stock units in David Ackley’s Camden National (CAC) holdings represent?

They represent equity awards still subject to conditions. The filing notes that 5,507 of Ackley’s reported shares consist of restricted stock units and restricted shares that are subject to vesting schedules and potential forfeiture, rather than being fully unrestricted stock.