Camden National EVP granted 1,036 restricted shares

Forbes Andrew reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Forbes Andrew reported acquisition or exercise transactions in this Form 4 filing.

Camden National Corp executive Andrew Forbes received a compensation-related equity grant rather than buying shares on the market. On this Form 4, the EVP was granted 1,036 shares of common stock as restricted stock awards at a reference price of $50.67 per share.

The awards were granted under the company’s 2022 Equity and Incentive Plan and are scheduled to vest pro-rata over the next three years, subject to continued employment through each vesting date. After this grant, Forbes directly holds 6,147 common shares, including 4,815 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Insider Trade Summary

Grant/Award: 1,036 shares

Grant/Award 1 txn

Insider Forbes Andrew

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,036	$50.67	$52K

Holdings After Transaction: Common Stock — 6,147 shares (Direct)

Footnotes (2)

1. F1. Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment that are scheduled to vest pro-rata over the next three years, subject to continued employment through the vesting date. Each restricted stock award represents the right to receive one share of common stock at vesting.
2. F2. Includes 4,815 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Restricted stock grant: 1,036 shares Grant price: $50.67 per share Total direct holdings: 6,147 shares +1 more

4 metrics

Restricted stock grant 1,036 shares Grant of restricted stock awards to EVP Andrew Forbes

Grant price $50.67 per share Reference price for restricted stock award grant

Total direct holdings 6,147 shares Shares held directly by Andrew Forbes after the grant

Unvested restricted units/shares 4,815 units/shares Restricted stock units and restricted shares subject to vesting

Key Terms

restricted stock awards, restricted stock units, vesting, forfeiture restrictions, +1 more

5 terms

restricted stock awards financial

"Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

restricted stock units financial

"Includes 4,815 restricted stock units and restricted shares that are subject to vesting"

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.

vesting financial

"awards under the issuer's 2022 Equity and Incentive Plan ... scheduled to vest pro-rata over the next three years"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

forfeiture restrictions financial

"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"

2022 Equity and Incentive Plan financial

"grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Camden National (CAC) EVP Andrew Forbes report?

Andrew Forbes reported an acquisition of shares through an equity award, not an open-market purchase. He received 1,036 shares of Camden National common stock as restricted stock awards, granted under the 2022 Equity and Incentive Plan, with future vesting conditions attached.

Was the Camden National (CAC) Form 4 a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not a market purchase. EVP Andrew Forbes received 1,036 restricted shares as part of an equity award, with each restricted share representing the right to receive one common share when the award vests over time.

How many Camden National (CAC) shares does Andrew Forbes hold after this transaction?

Following this equity award, Andrew Forbes directly holds 6,147 shares of Camden National common stock. This total includes 4,815 restricted stock units and restricted shares that are still subject to vesting schedules and forfeiture conditions under the company’s incentive arrangements.

What are the vesting terms of Andrew Forbes’ new Camden National (CAC) restricted stock awards?

The 1,036 restricted stock awards granted to Andrew Forbes vest pro-rata over three years. Vesting is conditioned on his continued employment through each vesting date, meaning shares are earned gradually and can be forfeited if service requirements are not met.

At what price were Andrew Forbes’ Camden National (CAC) restricted shares valued on the grant date?

The 1,036 restricted shares granted to Andrew Forbes were valued using a reference price of $50.67 per Camden National common share. This figure represents the grant-date price used to calculate the value of the equity award disclosed in the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/30/2026 - 04:47 PM Learn about SEC filing dates

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^*

Forbes Andrew

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/28/2026		A		1,036(1)	A	$50.67	6,147(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. Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan and Amendment that are scheduled to vest pro-rata over the next three years, subject to continued employment through the vesting date. Each restricted stock award represents the right to receive one share of common stock at vesting.

2. Includes 4,815 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)