Camden National (CAC) EVP has shares withheld to cover tax obligations

Rhea-AI Filing Summary

Camden National Corp EVP Renee Smyth reported a small tax-related share disposition. On March 6, 2026, 46 shares of common stock were withheld at $45.92 per share to cover minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026.

After this tax-withholding transaction, Smyth directly holds 27,837.604 shares of common stock, including 6,413 restricted shares that remain subject to vesting and forfeiture conditions.

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

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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^*

Smyth Renee

(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)
03/06/2026

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	03/06/2026		F		46(1)	D	$45.92	27,837.604(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 the Management Stock Purchase Plan ("MSPP") shares that vested on March 7, 2026, using the March 6, 2026 price.

2. Includes 6,413 restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/10/2026
	** 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.
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FAQ

What insider transaction did Camden National (CAC) report for Renee Smyth?

Camden National reported that EVP Renee Smyth had 46 common shares withheld to cover taxes on vested Management Stock Purchase Plan shares, a routine tax-withholding disposition rather than an open-market sale, leaving her with 27,837.604 shares directly held.

Was the Camden National (CAC) insider transaction a stock sale?

The transaction was not an open-market stock sale. It was a Form 4 tax-withholding disposition, where 46 shares were withheld at $45.92 to satisfy minimum tax obligations on vested Management Stock Purchase Plan shares for EVP Renee Smyth.

How many Camden National (CAC) shares does Renee Smyth hold after this filing?

After the reported tax-withholding disposition, EVP Renee Smyth directly holds 27,837.604 shares of Camden National common stock, which includes 6,413 restricted shares that are still subject to vesting and potential forfeiture conditions over time.

What are the restricted shares mentioned in the Camden National (CAC) Form 4?

The Form 4 explains that 6,413 of Renee Smyth’s 27,837.604 Camden National shares are restricted. These restricted shares are subject to vesting schedules and forfeiture provisions, meaning they could be lost if specific service or performance conditions are not satisfied.

What price was used for the Camden National (CAC) tax-withholding shares?

The 46 Camden National shares withheld for taxes were valued at $45.92 per share. This price was used to satisfy the minimum tax withholding requirement on Management Stock Purchase Plan shares that vested on March 7, 2026, using the March 6, 2026 market price.

Why did Camden National (CAC) withhold shares for Renee Smyth’s taxes?

Shares were withheld to cover minimum tax obligations arising when Management Stock Purchase Plan shares vested on March 7, 2026. Instead of paying cash for taxes, 46 Camden National shares were retained at $45.92 each to satisfy the required withholding.