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Camden National (CAC) SVP awarded 800 RSUs, withholds shares for tax

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

Rhea-AI Filing Summary

Camden National Corp SVP Brandon Y. Boey reported equity compensation activity involving company common stock. On March 5, 2026, he acquired 800 restricted stock units as a grant under the 2022 Equity and Incentive Plan, scheduled to vest pro rata over three years, subject to continued employment.

On March 6, 2026, a total of 149 shares of common stock (56 and 93 shares) were disposed of to satisfy minimum tax withholding on restricted stock units that vested on that date, rather than through open-market sales. Following these transactions, his directly held position includes common shares and 2,233 restricted stock units that remain subject to vesting and forfeiture restrictions.

Positive

  • None.

Negative

  • None.
Insider Boey Brandon Y
Role SVP
Type Security Shares Price Value
Tax Withholding Common Stock 56 $45.92 $3K
Tax Withholding Common Stock 93 $45.92 $4K
Grant/Award Common Stock 800 $46.11 $37K
Holdings After Transaction: Common Stock — 3,117 shares (Direct)
Footnotes (1)
  1. Represents a grant of restricted stock units 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 dates. Each Restricted stock unit represents the right to receive one share of common stock at vesting Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 6, 2026. Includes 2,233 restricted stock units that are subject to vesting and forfeiture restrictions.
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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*
Boey Brandon Y
(Last) (First) (Middle)
2 ELM STREET
PO 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)
SVP
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 800(1) A $46.11 3,173 D
Common Stock 03/06/2026 F 56(2) D $45.92 3,117 D
Common Stock 03/06/2026 F 93(2) D $45.92 3,024(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. Represents a grant of restricted stock units 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 dates. Each Restricted stock unit represents the right to receive one share of common stock at vesting
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 6, 2026.
3. Includes 2,233 restricted stock units 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Camden National (CAC) SVP Brandon Boey report?

Brandon Y. Boey reported an equity award and related tax withholding. He received 800 restricted stock units on March 5, 2026, then had 149 shares withheld on March 6, 2026 to cover minimum taxes on vesting units.

Was the Camden National (CAC) insider activity a stock sale in the market?

No, the reported dispositions were for tax withholding, not market sales. A total of 149 shares were withheld on March 6, 2026 to satisfy minimum tax obligations on vesting restricted stock units.

What equity award did Camden National (CAC) grant to its SVP?

Camden National granted Brandon Y. Boey 800 restricted stock units on March 5, 2026 under its 2022 Equity and Incentive Plan. These units are scheduled to vest pro rata over three years, contingent on his continued employment.

How many Camden National (CAC) restricted stock units remain unvested for the SVP?

The holdings include 2,233 restricted stock units that are still subject to vesting and forfeiture conditions. These unvested units represent future potential shares, dependent on meeting the plan’s service-based vesting requirements over time.

How did the Camden National (CAC) insider transactions affect the SVP’s share count?

After the reported grant and tax-withholding dispositions, Brandon Y. Boey’s direct holdings reflect both common shares and 2,233 unvested restricted stock units. The filing shows updated post-transaction balances for each step on March 5 and March 6, 2026.