Camden National (CAC) EVP has 296 shares withheld for taxes as awards vest

Rhea-AI Filing Summary

Camden National Corp executive Ryan A. Smith reported routine tax-related share withholdings tied to vesting equity awards. On April 29 and April 30, 2026, a total of 296 shares of common stock were withheld at prices of $47.97 and $48.17 per share to cover minimum tax withholding obligations on restricted shares that vested on those dates.

After these tax-withholding dispositions, Smith directly holds 23,980 shares of Camden National common stock. His holdings also include 6,709 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions, reflecting ongoing equity-based compensation rather than open-market trading activity.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Smith Ryan A

Role EVP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	138	$48.17	$7K
Tax Withholding	Common Stock	158	$47.97	$8K

Holdings After Transaction: Common Stock — 23,980 shares (Direct, null)

Footnotes (1)

1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 29, 2026. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026. Includes 6,709 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Tax-withheld shares total: 296 shares Shares withheld April 29, 2026: 158 shares at $47.97/share Shares withheld April 30, 2026: 138 shares at $48.17/share +2 more

5 metrics

Tax-withheld shares total 296 shares Withheld for minimum tax obligations on April 29–30, 2026

Shares withheld April 29, 2026 158 shares at $47.97/share Code F tax-withholding disposition on common stock

Shares withheld April 30, 2026 138 shares at $48.17/share Code F tax-withholding disposition on common stock

Shares held after transactions 23,980 shares Direct common stock holdings following April 30, 2026 withholding

Unvested RSUs and restricted shares 6,709 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Key Terms

restricted shares, restricted stock units, tax withholding obligation, tax-withholding disposition

4 terms

restricted shares financial

"restricted shares that vested on April 29, 2026"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

restricted stock units financial

"Includes 6,709 restricted stock units and restricted shares"

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.

tax withholding obligation financial

"satisfy the minimum tax withholding obligation on restricted shares"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

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 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)
04/29/2026

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	04/29/2026		F		158(1)	D	$47.97	24,118	D
Common Stock	04/30/2026		F		138(2)	D	$48.17	23,980(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 shares that vested on April 29, 2026.

2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.

3. Includes 6,709 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	05/01/2026
	** 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)

FAQ

What did Camden National (CAC) EVP Ryan A. Smith report in this Form 4?

Ryan A. Smith reported tax-related share withholdings, not open-market trades. A total of 296 Camden National common shares were withheld to cover minimum tax obligations on restricted shares that vested on April 29 and April 30, 2026.

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

The filing shows 296 shares withheld for taxes. This consists of 158 shares at $47.97 per share on April 29, 2026, and 138 shares at $48.17 per share on April 30, 2026, to satisfy minimum tax obligations.

Are the Form 4 transactions for Camden National (CAC) an open-market sale?

No, these transactions are not open-market sales. They are coded “F,” indicating shares were withheld by the issuer to pay exercise price or tax liabilities related to vesting restricted shares, a routine administrative process rather than discretionary selling.

How many Camden National (CAC) shares does Ryan A. Smith hold after these transactions?

After the reported tax-withholding dispositions, Ryan A. Smith directly holds 23,980 shares of Camden National common stock. Footnotes also indicate 6,709 restricted stock units and restricted shares remain outstanding, subject to future vesting and forfeiture conditions.

What equity awards are referenced for Camden National (CAC) EVP Ryan A. Smith?

The Form 4 notes restricted shares that vested on April 29 and April 30, 2026, triggering tax withholdings. It further states that Smith’s holdings include 6,709 restricted stock units and restricted shares that are still subject to vesting schedules and potential forfeiture.