Camden National (CAC) EVP logs 43-share tax-withholding transaction

Rhea-AI Filing Summary

Camden National Corp executive vice president Barbara Raths reported a small, automatic share disposition tied to equity compensation. On March 9, 2026, 43 shares of common stock were withheld at $45.83 per share to cover minimum tax obligations when her restricted stock units vested.

After this tax-withholding transaction, she directly holds 8,062 shares of Camden National common stock. Footnote disclosures state this total includes 5,718 restricted stock units and restricted shares that remain subject to future vesting and forfeiture conditions.

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)
03/09/2026

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	03/09/2026		F		43(1)	D	$45.83	8,062(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 March 9, 2026.

2. Includes 5,718 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

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

Barbara Raths reported an automatic tax-withholding disposition of 43 Camden National common shares. The shares were withheld to satisfy minimum tax obligations arising from restricted stock units that vested on March 9, 2026, rather than being sold in an open-market trade.

How many Camden National (CAC) shares were withheld for taxes in this filing?

The filing shows 43 shares of Camden National common stock were withheld. These shares covered minimum tax obligations related to the vesting of restricted stock units on March 9, 2026, and were not part of a discretionary open-market sale by the executive.

At what price were the withheld Camden National (CAC) shares valued?

The 43 withheld shares were valued at $45.83 per share. This value is used to calculate the number of shares needed to satisfy the executive’s minimum tax liability when restricted stock units vested, rather than reflecting a typical market sale transaction.

How many Camden National (CAC) shares does Barbara Raths hold after the transaction?

Following the tax-withholding disposition, Barbara Raths directly holds 8,062 Camden National common shares. Footnotes indicate this figure includes 5,718 restricted stock units and restricted shares that are still subject to vesting schedules and potential forfeiture conditions over time.

Does the Camden National (CAC) Form 4 indicate an open-market sale by the EVP?

No, the Form 4 reflects tax-withholding, not an open-market sale. Shares were withheld by the company to cover minimum tax obligations on vested restricted stock units, a routine administrative step associated with equity compensation rather than a discretionary trading decision.

What do the restricted stock unit details mean for Camden National (CAC) EVP holdings?

The filing notes that 5,718 of the EVP’s reported shares are restricted stock units and restricted shares. These awards remain subject to vesting and forfeiture conditions, meaning the executive’s ability to fully realize them depends on meeting specified service or performance requirements.