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Camden National (CAC) EVP acquires 1,083 shares under discount plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp EVP Michael R. Archer acquired 1,083 shares of common stock on March 5, 2026 through a grant classified as a grant, award, or other acquisition. The transaction was priced at $34.58 per share under the Third Amended and Restated Management Stock Purchase Plan at a one-fourth discount to the Company’s March 5, 2026 closing share price.

These shares will cliff-vest two years after the issuance date. Following this award, Archer directly owns 19,001.073 shares of common stock, which includes 85.067 shares acquired through the dividend reinvestment program and 9,025 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

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Negative

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Insider Archer Michael R
Role EVP
Type Security Shares Price Value
Grant/Award Common Stock 1,083 $34.58 $37K
Holdings After Transaction: Common Stock — 19,001.073 shares (Direct)
Footnotes (1)
  1. Shares purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date. Includes 85.067 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program. Includes 9,025 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
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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*
Archer Michael R

(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)
03/05/2026
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 03/05/2026 A 1,083 A $34.58(1) 19,001.073(2)(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. Shares purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date.
2. Includes 85.067 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
3. Includes 9,025 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA 03/09/2026
** 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 Michael R. Archer?

Camden National reported that EVP Michael R. Archer acquired 1,083 shares of common stock on March 5, 2026. The acquisition was recorded as a grant or award under a company stock purchase plan at a discounted price.

At what price were Michael R. Archer’s new Camden National (CAC) shares acquired?

The 1,083 Camden National shares were acquired at $34.58 per share. According to the disclosure, this purchase occurred under the Management Stock Purchase Plan at a one-fourth discount to the Company’s March 5, 2026 closing share price.

How do the new shares for Michael R. Archer vest at Camden National (CAC)?

The 1,083 shares acquired by Michael R. Archer will cliff-vest two years after the issuance date. Cliff-vesting means none of the shares vest gradually; instead, all vest at once after the two-year period is satisfied.

What is Michael R. Archer’s total direct ownership in Camden National (CAC) after this transaction?

After the transaction, Michael R. Archer directly owns 19,001.073 Camden National common shares. This figure includes shares obtained through dividend reinvestment and 9,025 restricted stock units and restricted shares subject to vesting and forfeiture conditions.

What role did Camden National’s Management Stock Purchase Plan play in this Form 4 transaction?

The Management Stock Purchase Plan enabled Archer to acquire 1,083 shares at a discounted price. The disclosure states these shares were purchased under the Third Amended and Restated Management Stock Purchase Plan at a one-fourth discount to the March 5, 2026 closing share price.