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

Rhea-AI Filing Summary

Camden National Corp EVP Barbara Raths reported share dispositions tied to tax withholding on vested equity awards. On March 10 and 11, 2026, a total of 54 common shares were withheld at prices around $45 per share to satisfy minimum tax obligations on restricted stock units that vested on those dates.

After these withholdings, she directly holds 8,008 common shares, along with 5,538 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions. These are compensation-related tax withholdings, not open‑market stock sales.

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

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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^*

Raths Barbara

(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		30(1)	D	$45.84	8,032	D
Common Stock	03/11/2026		F		24(2)	D	$45.41	8,008(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 5,538 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.

FAQ

What insider transaction did Camden National (CAC) report for EVP Barbara Raths?

Camden National EVP Barbara Raths reported share dispositions related to tax withholding. A total of 54 common shares were withheld in March 2026 to cover minimum tax obligations on restricted stock units that vested on March 10 and March 11, 2026.

How many Camden National (CAC) shares were withheld for EVP Barbara Raths’ taxes?

A total of 54 common shares were withheld for tax obligations. This consisted of 30 shares on March 10, 2026 at $45.84 per share and 24 shares on March 11, 2026 at $45.41 per share, all for minimum tax withholding.

Were Barbara Raths’ Camden National (CAC) transactions open-market stock sales?

No, these transactions were tax-withholding dispositions, not open-market sales. The shares were withheld by the company to pay minimum tax obligations on restricted stock units that vested on March 10 and March 11, 2026, as described in the footnotes.

How many Camden National (CAC) shares does EVP Barbara Raths hold after these transactions?

After the tax-withholding dispositions, she directly holds 8,008 common shares. In addition, her holdings include 5,538 restricted stock units and restricted shares that are still subject to vesting and forfeiture restrictions, reflecting ongoing equity-based compensation.

What restricted stock units does Camden National (CAC) EVP Barbara Raths still have?

Her position includes 5,538 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. These awards represent future potential share delivery as long as vesting requirements are met, separate from the small number of shares withheld for taxes.