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Camden National (NASDAQ: CAC) EVP reports 398-share tax withholding on vested awards

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

Rhea-AI Filing Summary

CAMDEN NATIONAL CORP EVP Michael R. Archer reported routine tax-withholding share dispositions related to equity awards. On April 24, 2026, a total of 398 shares of Common Stock were withheld at $49.68 per share to satisfy minimum tax withholding obligations on restricted shares and restricted stock units that vested on April 25, 2026 under the issuer's 2023-2025 Long-Term Performance Plan. These F-code transactions are not open-market sales but shares delivered back to the issuer for taxes. After these dispositions, Archer directly holds 19,417.073 shares of Common Stock, including 7,803 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

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Insider Archer Michael R
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 114 $49.68 $6K
Tax Withholding Common Stock 284 $49.68 $14K
Holdings After Transaction: Common Stock — 19,701.073 shares (Direct, null)
Footnotes (1)
  1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 25, 2026, using the April 24, 2026 price. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026, using the April 24, 2026 Price. Includes 7,803 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Tax-withholding shares 398 shares Common Stock withheld for minimum tax obligations on vested awards
Withholding price $49.68 per share Value used for April 24, 2026 tax-withholding dispositions
Shares held after transaction 19,417.073 shares Direct CAC Common Stock holdings following April 24, 2026 dispositions
Restricted and RSU holdings 7,803 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture
Tax-withholding transactions 2 transactions F-code dispositions for tax withholding on April 24, 2026
restricted stock units financial
"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan"
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.
Long-Term Performance Plan financial
"granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026"
tax withholding obligation financial
"shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested"
restricted shares financial
"Includes 7,803 restricted stock units and restricted shares that are subject to vesting and forfeiture"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026		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 Stock04/24/2026F114(1)D$49.6819,701.073D
Common Stock04/24/2026F284(2)D$49.6819,417.073(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 25, 2026, using the April 24, 2026 price.
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026, using the April 24, 2026 Price.
3. Includes 7,803 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA04/28/2026
** 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 insider transaction did CAC EVP Michael R. Archer report on this Form 4?

Michael R. Archer reported tax-withholding dispositions totaling 398 CAC common shares. The shares were withheld by the issuer to cover minimum tax obligations on vested restricted shares and restricted stock units, rather than sold in the open market.

Was Michael R. Archer’s CAC Form 4 transaction an open-market sale of stock?

No, the reported CAC transactions were tax-withholding dispositions, not open-market sales. Shares were withheld by the company at $49.68 per share to satisfy minimum tax liabilities on recently vested restricted equity awards.

How many CAC shares does Michael R. Archer hold after the reported Form 4 transactions?

After the tax-withholding dispositions, Michael R. Archer directly holds 19,417.073 CAC common shares. This total includes both unrestricted holdings and 7,803 restricted stock units and restricted shares subject to ongoing vesting and forfeiture conditions.

What CAC equity awards triggered the tax-withholding dispositions on this Form 4?

The tax-withholding dispositions arose from restricted shares and restricted stock units that vested on April 25, 2026. These awards were granted under Camden National Corp’s 2023-2025 Long-Term Performance Plan and settled using the April 24, 2026 share price.

At what price were CAC shares valued for Michael R. Archer’s tax-withholding transactions?

The withheld CAC shares were valued at $49.68 per share. This price was used to calculate the number of shares required to satisfy Michael R. Archer’s minimum tax withholding obligations on his vested restricted equity awards.