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

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

Rhea-AI Filing Summary

Camden National Corp EVP Garrett McKnight reported routine tax-related share withholdings tied to vesting equity awards. On April 29 and April 30, 2026, a total of 241 shares of common stock were withheld to satisfy minimum tax obligations on restricted shares that vested on those dates.

After these transactions, McKnight directly held 6,268 shares of common stock. This holding includes 4,398 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions. The Form 4 indicates tax-withholding dispositions rather than open-market sales.

Positive

  • None.

Negative

  • None.
Insider McKnight Garrett
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 105 $48.17 $5K
Tax Withholding Common Stock 136 $47.97 $7K
Holdings After Transaction: Common Stock — 6,268 shares (Direct, null)
Footnotes (1)
  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 4,398 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Shares withheld for taxes April 30, 2026 105 shares at $48.17 Common stock withheld to satisfy minimum tax on vested restricted shares
Shares withheld for taxes April 29, 2026 136 shares at $47.97 Common stock withheld to satisfy minimum tax on vested restricted shares
Total shares withheld for taxes 241 shares Tax-withholding dispositions related to restricted share vesting
Shares held after transactions 6,268 shares Common stock directly held by Garrett McKnight after April 30, 2026
Restricted stock units and restricted shares 4,398 units/shares Subject to vesting and forfeiture restrictions
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 4,398 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.
minimum tax withholding obligation financial
"shares withheld in order to satisfy the minimum tax withholding obligation"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.
forfeiture restrictions financial
"restricted shares that are subject to vesting and forfeiture restrictions"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
McKnight Garrett
(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)
Director10% Owner
XOfficer (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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/29/2026F136(1)D$47.976,373D
Common Stock04/30/2026F105(2)D$48.176,268(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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 4,398 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA05/01/2026
** Signature of Reporting PersonDate
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 insider transaction did Camden National (CAC) EVP Garrett McKnight report?

Garrett McKnight reported tax-related share dispositions, not open-market trades. A total of 241 Camden National common shares were withheld to cover minimum tax obligations when his restricted shares vested on April 29 and April 30, 2026.

Were Garrett McKnight’s Form 4 transactions in Camden National (CAC) open-market sales?

No, the transactions were tax-withholding dispositions, not market sales. Shares were withheld by the issuer to satisfy minimum tax obligations arising from vesting restricted shares, as reflected by transaction code F and the accompanying footnotes.

How many Camden National (CAC) shares were withheld for Garrett McKnight’s taxes?

A total of 241 common shares were withheld for taxes. This consisted of 136 shares on April 29, 2026, at $47.97 per share and 105 shares on April 30, 2026, at $48.17 per share, according to the Form 4.

What is Garrett McKnight’s reported shareholding in Camden National (CAC) after these transactions?

Following the tax-withholding transactions, McKnight directly held 6,268 Camden National common shares. This position includes 4,398 restricted stock units and restricted shares that are still subject to vesting and forfeiture restrictions, based on the Form 4 disclosure.

What does transaction code F mean in the Camden National (CAC) Form 4 for Garrett McKnight?

Transaction code F indicates shares used to pay an exercise price or tax liability. In this Form 4, it reflects shares withheld by Camden National to satisfy McKnight’s minimum tax withholding obligations on restricted shares that vested on April 29 and April 30, 2026.