Camden National (CAC) EVP has 52 shares withheld for taxes

Rhea-AI Filing Summary

Camden National Corp EVP Ryan A. Smith reported a small tax-related share disposition. On March 6, 2026, 52 shares of common stock were withheld at a price of $45.92 per share to cover minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026. After this withholding, Smith directly holds 22,398 common shares, including 7,125 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. This was a compensation-related, non-market transaction rather than an open-market sale.

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^*

Smith Ryan A

(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)
03/06/2026

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	03/06/2026		F		52(1)	D	$45.92	22,398(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 the Management Stock Purchase Plan ("MSPP") shares that vested on March 7, 2026, using the March 6, 2026 price.

2. Includes 7,125 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/10/2026
	** 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) EVP Ryan A. Smith report?

Ryan A. Smith reported a tax-related share disposition. A total of 52 Camden National common shares were withheld at $45.92 each to satisfy minimum tax obligations tied to Management Stock Purchase Plan shares that vested on March 7, 2026.

Was the Camden National (CAC) EVP’s Form 4 a market sale of shares?

No, the Form 4 reflects tax withholding rather than a market sale. The 52 Camden National shares were withheld by the company to cover minimum tax obligations on vested Management Stock Purchase Plan shares, a routine compensation-related, non-market transaction.

How many Camden National (CAC) shares does EVP Ryan A. Smith hold after this transaction?

Following the transaction, Ryan A. Smith directly holds 22,398 Camden National common shares. This total includes 7,125 restricted stock units and restricted shares that are still subject to vesting schedules and potential forfeiture conditions outlined in his equity awards.

What price was used for the Camden National (CAC) tax-withholding shares?

The 52 tax-withheld Camden National shares were valued at $45.92 each. This price was the March 6, 2026 market price used to calculate the minimum tax withholding due on Management Stock Purchase Plan shares that vested the following day.

What triggered the tax withholding reported in the Camden National (CAC) Form 4?

The tax withholding was triggered by the vesting of Management Stock Purchase Plan shares on March 7, 2026. To satisfy minimum tax obligations associated with this vesting, the company withheld 52 Camden National common shares based on the March 6, 2026 share price.

Do the Camden National (CAC) restricted stock units held by the EVP fully belong to him now?

Not yet. Of the 22,398 Camden National shares reported, 7,125 are restricted stock units and restricted shares. These remain subject to vesting requirements and forfeiture provisions, so full ownership depends on meeting the applicable service or performance conditions.