[Form 4] CAMDEN NATIONAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Camden National Corporation (CAC) director Larry K. Haynes acquired common stock on 09/19/2025. The Form 4 reports an acquisition of 357 shares at a price of $40.22 per share under the company's 2022 Equity and Incentive Plan and amendment in lieu of director fees. Following the transaction, Mr. Haynes beneficially owns 2,506.43 shares, which includes 22.032 shares received through the company’s dividend reinvestment program since the prior filing. The filing is a single-person Form 4 and was signed by a POA on 09/23/2025.

Positive

• Director received equity as compensation aligning management and shareholder interests
• Participation in dividend reinvestment program with 22.032 shares added since prior filing indicates continued reinvestment

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant in lieu of fees; modest ownership increase, not likely to change control dynamics.

The reported transaction is a non-derivative acquisition of 357 shares at $40.22 under the issuer’s equity plan, characterized as compensation rather than a market purchase. For governance and alignment purposes, director ownership rising modestly via plan awards and dividend reinvestment is common and supports alignment with shareholders. The resulting beneficial holding of 2,506.43 shares is small relative to typical institutional stakes, so this is administratively noteworthy but not materially impactful to shareholder control or corporate direction.

Securities Analyst

TL;DR: Transaction signals routine compensation delivery; immaterial to valuation but confirms ongoing executive/director equity compensation practices.

Acquisition at $40.22 under the 2022 Equity and Incentive Plan indicates use of equity for director compensation. Inclusion of 22.032 shares from the dividend reinvestment program shows participation in shareholder-friendly policies. The transaction size and aggregate holdings are small in absolute terms and do not present a significant market signal regarding insider conviction or liquidity pressure.

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^*

Haynes Larry K

(Last) (First) (Middle)

2 ELM STREET

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

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	09/19/2025		A		357(1)	A	$40.22	2,506.43(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. Shares acquired under Camden National Corporation's 2022 Equity and Incentive Plan and Amendment in lieu of director fees.

2. Includes 22.032 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.

Remarks:

	Christopher G. Hutchinson, POA	09/23/2025
	** 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 did CAC director Larry K. Haynes report on Form 4?

He reported acquisition of 357 shares of Camden National Corp common stock on 09/19/2025 at $40.22 per share under the company’s equity plan.

How many shares does Larry K. Haynes beneficially own after this transaction?

He beneficially owns 2,506.43 shares following the reported transaction.

Why were the shares issued to the director?

The filing states the shares were issued under the 2022 Equity and Incentive Plan and amendment in lieu of director fees.

Did the filing include dividend reinvestment activity?

Yes; the filing discloses 22.032 shares acquired since the last filing through the company’s dividend reinvestment program.

When was the Form 4 signed and filed?

The form shows a signature by a POA, Christopher G. Hutchinson, dated 09/23/2025.