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Camden National (CAC) EVP receives 1,281-share restricted stock award under 2022 plan

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

Rhea-AI Filing Summary

Camden National Corp EVP William H. Martel received an award of 1,281 shares of common stock, granted as restricted stock under the company’s 2022 Equity and Incentive Plan and its amendment. The award is scheduled to vest pro-rata over the next three years, conditioned on continued employment through each vesting date.

Each restricted stock award converts into one share of common stock upon vesting. After this grant, Martel directly holds 22,198 shares of Camden National common stock, including 8,380 restricted stock units and restricted shares that remain subject to vesting and forfeiture provisions.

Positive

  • None.

Negative

  • None.
Insider Martel William H
Role EVP
Type Security Shares Price Value
Grant/Award Common Stock 1,281 $50.67 $65K
Holdings After Transaction: Common Stock — 22,198 shares (Direct, null)
Footnotes (1)
  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. Includes 8,380 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Restricted stock grant 1,281 shares Common Stock awarded to EVP on April 28, 2026
Grant date fair value per share $50.67 per share Price per share reported for restricted stock awards
Total shares after grant 22,198 shares Direct holdings of William H. Martel following transaction
Unvested restricted units/shares 8,380 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture
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 8,380 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
"scheduled to vest pro-rata over the next three years, subject to continued employment"
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"
Equity and Incentive Plan financial
"under the issuer's 2022 Equity and Incentive Plan and Amendment"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Martel William H
(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)
Director10% Owner
XOfficer (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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/28/2026A1,281(1)A$50.6722,198(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 8,380 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA04/30/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Camden National (CAC) EVP William H. Martel report in this Form 4?

EVP William H. Martel reported receiving 1,281 shares of Camden National common stock as a restricted stock grant. These shares were awarded under the 2022 Equity and Incentive Plan and will vest over time, rather than being an open-market purchase or sale.

Is the Camden National (CAC) Form 4 transaction a market buy or sell?

The Form 4 transaction is a grant of restricted stock, not a market buy or sell. Martel received 1,281 shares as compensation labeled as a grant or award, with vesting requirements, rather than executing an open-market trade in Camden National shares.

How will the 1,281 restricted shares for Camden National (CAC) EVP vest?

The 1,281 restricted stock awards are scheduled to vest pro-rata over the next three years. Vesting is contingent on Martel’s continued employment through each vesting date, and each vested unit entitles him to receive one share of Camden National common stock.

How many Camden National (CAC) shares does EVP Martel hold after this grant?

After the reported grant, Martel directly holds 22,198 Camden National common shares. This total includes 8,380 restricted stock units and restricted shares that are still subject to vesting schedules and potential forfeiture conditions under the company’s equity compensation plans.

What are the key terms of the Camden National (CAC) restricted stock grant?

The grant consists of 1,281 restricted stock awards valued at $50.67 per share on the grant date. They were issued under the 2022 Equity and Incentive Plan, vest pro-rata over three years, and each award converts into one common share upon vesting if employment continues.