CAC EVP has 51 shares withheld for taxes

CAMDEN NATIONAL CORP executive Andrew Forbes reported a routine tax-related share disposition.

Rhea-AI Filing Summary

CAMDEN NATIONAL CORP executive Andrew Forbes reported a routine tax-related share disposition. On restricted stock units that vested on April 15, 2026, 51 shares of Common Stock were withheld at $50.38 per share to satisfy minimum tax withholding obligations.

After this withholding, Forbes directly holds 5,350 shares of Common Stock, which include 4,590 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. The filing reflects compensation-related mechanics rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 51 shares

Exercise Price or Tax Liability 1 txn

Insider Forbes Andrew

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	51	$50.38	$3K

Holdings After Transaction: Common Stock — 5,350 shares (Direct)

Footnotes (2)

1. F1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on April 15, 2026.
2. F2. Includes 4,590 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld for taxes: 51 shares Withholding share value: $50.38 per share Shares held after transaction: 5,350 shares +1 more

4 metrics

Shares withheld for taxes 51 shares Common Stock withheld to satisfy minimum tax on RSUs vested April 15, 2026

Withholding share value $50.38 per share Per-share value used for the 51 withheld Common Stock shares

Shares held after transaction 5,350 shares Total Common Stock directly held by Andrew Forbes following withholding

Restricted stock units and shares 4,590 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Key Terms

restricted stock units, minimum tax withholding obligation, vesting, forfeiture restrictions

4 terms

restricted stock units financial

"restricted stock units that vested on April 15, 2026"

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"

vesting financial

"restricted stock units that vested on April 15, 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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CAC executive Andrew Forbes report?

Andrew Forbes reported a tax-related share disposition, not an open-market trade. The company withheld 51 Common Stock shares at $50.38 each to cover minimum tax obligations on restricted stock units that vested on April 15, 2026, as part of his equity compensation.

Did Andrew Forbes of CAC sell shares on the open market?

No, the transaction was not an open-market sale. The 51 shares were withheld by the company to satisfy tax withholding on vested restricted stock units. This is a standard compensation mechanism and does not represent a discretionary buy or sell decision by Forbes.

How many CAMDEN NATIONAL CORP shares does Andrew Forbes hold after this Form 4?

Following the tax withholding, Andrew Forbes directly holds 5,350 Common Stock shares of CAMDEN NATIONAL CORP. This total includes 4,590 restricted stock units and restricted shares that remain subject to vesting schedules and potential forfeiture under the company’s equity incentive arrangements.

What price was used for the CAC shares withheld for Andrew Forbes’ taxes?

The 51 withheld shares were valued at $50.38 per share for tax purposes. This per-share value is used to calculate the amount needed to satisfy Andrew Forbes’ minimum tax withholding obligation when his restricted stock units vested on April 15, 2026.

What do the restricted stock units held by Andrew Forbes at CAC represent?

Andrew Forbes holds 4,590 restricted stock units and restricted shares, which are part of his long-term compensation. These awards are subject to vesting and forfeiture restrictions, meaning he generally must meet service or performance conditions before fully owning the underlying Common Stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 08:30 AM Learn about SEC filing dates

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^*

Forbes Andrew

(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)
04/15/2026

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	04/15/2026		F		51(1)	D	$50.38	5,350(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. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on April 15, 2026.

2. Includes 4,590 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	04/17/2026
	** 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)