Camden National EVP uses shares to cover taxes

Camden National Corp executive Michael R. Archer had shares withheld to cover taxes on vesting stock awards.

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Form Type

Rhea-AI Filing Summary

Camden National Corp executive Michael R. Archer had shares withheld to cover taxes on vesting stock awards. On April 29 and 30, 2026, a total of 337 common shares were withheld to satisfy minimum tax withholding obligations on restricted shares that vested on those dates.

After these tax-withholding dispositions, he directly holds 21,089.44 common shares, including 8,579 restricted stock units and restricted shares subject to vesting and forfeiture, plus 87.367 shares acquired through the company’s dividend reinvestment program.

Insider Trade Summary

Exercise Price or Tax Liability: 337 shares

Exercise Price or Tax Liability 2 txns

Insider Archer Michael R

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	153	$48.17	$7K
Exercise Price or Tax Liability	Common Stock	184	$47.97	$9K

Holdings After Transaction: Common Stock — 21,089.44 shares (Direct)

Footnotes (4)

F1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 29, 2026.
F2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.
F3. Consists of 87.367 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
F4. Includes 8,579 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Tax withholding shares April 29: 184 shares at $47.97 Tax withholding shares April 30: 153 shares at $48.17 Total tax-withheld shares: 337 shares +3 more

6 metrics

Tax withholding shares April 29 184 shares at $47.97 Withheld to satisfy minimum tax on restricted shares vesting April 29, 2026

Tax withholding shares April 30 153 shares at $48.17 Withheld to satisfy minimum tax on restricted shares vesting April 30, 2026

Total tax-withheld shares 337 shares Combined April 29 and April 30, 2026 Form 4 code F dispositions

Post-transaction holdings 21,089.44 shares Common stock directly held by Michael R. Archer after April 30, 2026

Restricted units and shares 8,579 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Dividend reinvestment shares 87.367 shares Acquired since last filing via dividend reinvestment program

Key Terms

restricted shares, tax withholding obligation, dividend reinvestment program, restricted stock units, +1 more

5 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.

tax withholding obligation financial

"shares withheld in order to satisfy the minimum tax withholding obligation"

dividend reinvestment program financial

"acquired since the last filing as a result of participation in the Company's dividend reinvestment program"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

restricted stock units financial

"Includes 8,579 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.

forfeiture restrictions financial

"restricted shares that are subject to vesting and forfeiture restrictions"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Camden National (CAC) report for Michael R. Archer?

Camden National reported that EVP Michael R. Archer had 337 common shares withheld to cover minimum tax obligations on restricted shares vesting on April 29 and 30, 2026. These are non-market tax-withholding dispositions rather than open-market purchases or sales.

Were Michael R. Archer’s Camden National (CAC) transactions open-market sales?

No, the Form 4 shows code F transactions, meaning shares were withheld to satisfy tax liabilities on restricted shares that vested. These dispositions are administrative and do not reflect discretionary open-market selling decisions by the executive.

How many Camden National (CAC) shares does Michael R. Archer hold after these transactions?

Following the April 2026 tax-withholding dispositions, Michael R. Archer directly holds 21,089.44 Camden National common shares. This total includes 8,579 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions.

What are the tax-withholding details in Michael R. Archer’s Camden National (CAC) filing?

The filing shows 184 shares withheld at $47.97 per share on April 29, 2026, and 153 shares withheld at $48.17 per share on April 30, 2026. Both entries cover minimum tax withholding obligations on vesting restricted shares.

Does Michael R. Archer use Camden National’s (CAC) dividend reinvestment program?

Yes. A footnote states that 87.367 shares were acquired since the last filing through participation in Camden National’s dividend reinvestment program, indicating that some of his dividends are automatically reinvested into additional common shares.

What portion of Michael R. Archer’s Camden National (CAC) holdings are restricted?

The Form 4 notes that 8,579 of his Camden National common shares are restricted stock units and restricted shares. These are subject to vesting schedules and forfeiture conditions, meaning they are not yet fully unrestricted like standard common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/01/2026 - 04:09 PM

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^*

Archer Michael R

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/29/2026		F		184⁽¹⁾	D	$47.97	21,242.44	D
Common Stock	04/30/2026		F		153⁽²⁾	D	$48.17	21,089.44⁽³⁾⁽⁴⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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. Consists of 87.367 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.

4. Includes 8,579 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)

Source: View Original Filing on SEC EDGAR