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Camden National (CAC) EVP has 418 shares withheld to cover taxes

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(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp executive vice president Ryan A. Smith reported share dispositions that were solely for tax withholding. A total of 418 shares of common stock were withheld at $49.68 per share to cover minimum tax obligations on vested restricted shares and restricted stock units. After these transactions, he directly holds 22,995 shares of common stock, including 6,430 restricted shares and restricted stock units that remain subject to vesting and forfeiture conditions.

Positive

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Negative

  • None.
Insider Smith Ryan A
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 120 $49.68 $6K
Tax Withholding Common Stock 298 $49.68 $15K
Holdings After Transaction: Common Stock — 23,293 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 25, 2026, using the April 24, 2026 price. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026, using the April 24, 2026 Price. Includes 6,430 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Tax-withheld shares 418 shares Total shares withheld to satisfy minimum tax obligations
First withholding lot 298 shares at $49.68 Common stock withheld for tax obligations on vested restricted shares
Second withholding lot 120 shares at $49.68 Common stock withheld for tax obligations on vested RSUs
Post-transaction holdings 22,995 shares Common stock directly held after reported transactions
Intermediate holdings 23,293 shares Common stock directly held following one of the withholding transactions
Unvested or restricted awards 6,430 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture
Transaction date April 24, 2026 Date used for pricing tax-withholding dispositions
restricted stock units financial
"Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted"
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.
Long-Term Performance Plan financial
"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested"
minimum tax withholding obligation financial
"Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares"
forfeiture restrictions financial
"Includes 6,430 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 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*
Smith Ryan A
(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)
04/24/2026		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 Stock04/24/2026F120(1)D$49.6823,293D
Common Stock04/24/2026F298(2)D$49.6822,995(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 25, 2026, using the April 24, 2026 price.
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026, using the April 24, 2026 Price.
3. Includes 6,430 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA04/28/2026
** 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 did Camden National (CAC) EVP Ryan Smith report in this Form 4?

Ryan A. Smith reported share dispositions tied to tax withholding. A total of 418 Camden National common shares were withheld to satisfy minimum tax obligations on recently vested restricted shares and restricted stock units, rather than through an open-market sale.

How many Camden National (CAC) shares were withheld for Ryan Smith’s taxes?

In total, 418 Camden National common shares were withheld. One transaction covered 298 shares and another 120 shares, both at $49.68 per share, to meet minimum tax withholding obligations on vested equity awards.

Were Ryan Smith’s Camden National (CAC) transactions open-market sales?

No, the transactions were tax-withholding dispositions, not open-market sales. The Form 4 states the shares were withheld to satisfy minimum tax obligations on vested restricted shares and restricted stock units, using the April 24, 2026 stock price.

How many Camden National (CAC) shares does Ryan Smith hold after these transactions?

After the reported tax-withholding dispositions, Ryan A. Smith directly holds 22,995 Camden National common shares. This total includes 6,430 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions under company equity plans.

What equity awards are mentioned in Ryan Smith’s Camden National (CAC) filing?

The filing references restricted shares and restricted stock units. Some units were granted under Camden National’s 2023–2025 Long-Term Performance Plan and vested on April 25, 2026, triggering the tax-withholding share dispositions disclosed in this Form 4.