Camden National (CAC) EVP has shares withheld to cover taxes

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley reported an automatic share withholding tied to equity compensation. On March 9, 2026, 43 shares of common stock were withheld to satisfy minimum tax obligations on restricted stock units that vested that day. This was a tax-withholding disposition rather than an open-market trade. After the transaction, he directly owns 12,210.958 shares, including 5,807 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Insights

Equity compensation analyst

Routine tax withholding on vested RSUs; minimal signaling value.

The transaction reflects 43 shares withheld to cover taxes on restricted stock units that vested on March 9, 2026. Code F events like this are mechanical outcomes of equity awards rather than discretionary trading decisions.

Following the withholding, EVP David Ackley holds 12,210.958 common shares directly, and the position includes 5,807 restricted stock units and restricted shares still subject to vesting and forfeiture. The small size of the withholding relative to his disclosed holdings suggests a routine compensation-related adjustment.

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
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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^*

Ackley David

(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	12,210.958(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 5,807 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.
* 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) EVP David Ackley report?

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

Was the Camden National (CAC) Form 4 transaction an open-market sale of shares?

No, the Form 4 does not show an open-market sale. It records 43 shares withheld under transaction code F to cover tax liabilities on vested restricted stock units, meaning the shares were retained by the company for taxes instead of being sold by the executive to investors.

How many Camden National (CAC) shares does EVP David Ackley own after this Form 4?

After the tax-withholding transaction, EVP David Ackley directly owns 12,210.958 shares of Camden National common stock. This total includes both unrestricted holdings and 5,807 restricted stock units and restricted shares that remain subject to vesting and potential forfeiture conditions going forward.

What do the restricted stock units reported for Camden National (CAC) EVP mean?

The Form 4 notes 5,807 restricted stock units and restricted shares for EVP David Ackley. These awards are subject to vesting and forfeiture restrictions, meaning they convert into fully owned shares only if specified service or performance conditions are satisfied over time under the company’s equity plans.

Does this Camden National (CAC) insider filing signal bullish or bearish sentiment?

The filing primarily reflects routine equity compensation mechanics, not a sentiment-driven trade. The 43-share withholding for taxes on vested restricted stock units is a standard administrative event, while the executive continues to hold over twelve thousand shares and unvested equity awards in the company.