Camden National (CAC) EVP gets 1,087-share restricted stock grant

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley received a grant of 1,087 shares of common stock as a restricted stock award. The grant was made at $50.67 per share under the company’s 2022 Equity and Incentive Plan and is scheduled to vest pro-rata over the next three years, subject to continued employment.

Each restricted stock award converts into one share of common stock at vesting. After this award, Ackley directly holds 13,634.958 shares of common stock, which include 6,222 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ackley David

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,087	$50.67	$55K

Holdings After Transaction: Common Stock — 13,634.958 shares (Direct, null)

Footnotes (1)

1. Represents a grant of restricted stock awards 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 date. Each restricted stock award represents the right to receive one share of common stock at vesting. Includes 6,222 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Restricted stock grant: 1,087 shares Grant reference price: $50.67 per share Total direct holdings after grant: 13,634.958 shares +2 more

5 metrics

Restricted stock grant 1,087 shares Restricted stock award under 2022 Equity and Incentive Plan

Grant reference price $50.67 per share Value assigned to the restricted stock award

Total direct holdings after grant 13,634.958 shares Common stock directly held by EVP after transaction

Unvested restricted units and shares 6,222 units and shares Restricted stock units and restricted shares subject to vesting and forfeiture

Vesting period Three years Restricted stock award vests pro-rata over this period

Key Terms

restricted stock awards, restricted stock units, vesting, forfeiture restrictions, +1 more

5 terms

restricted stock awards financial

"Represents a grant of restricted stock awards under the issuer's 2022 Equity and Incentive Plan"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

restricted stock units financial

"Includes 6,222 restricted stock units and restricted shares that are subject to vesting"

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.

vesting financial

"are scheduled to vest pro-rata over the next three years, subject to continued employment"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

forfeiture restrictions financial

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

Equity and Incentive Plan financial

"under the issuer's 2022 Equity and Incentive Plan and Amendment"

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^*

Ackley David

(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)
04/28/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/28/2026		A		1,087(1)	A	$50.67	13,634.958(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. Represents a grant of restricted stock awards 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 date. Each restricted stock award represents the right to receive one share of common stock at vesting.

2. Includes 6,222 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	04/30/2026
	** 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)

FAQ

What insider transaction did Camden National (CAC) report for EVP David Ackley?

EVP David Ackley received a grant of 1,087 restricted shares of Camden National common stock. The award was priced at $50.67 per share and was issued under the 2022 Equity and Incentive Plan as a compensation-related grant, not an open-market purchase or sale.

How do the new restricted shares for Camden National (CAC) EVP vest?

The 1,087 restricted shares granted to the EVP vest pro-rata over the next three years. Vesting is conditioned on continued employment through each vesting date, and each restricted stock award converts into one share of Camden National common stock once the vesting requirement is satisfied.

How many Camden National (CAC) shares does EVP David Ackley hold after this Form 4?

After the grant, EVP David Ackley directly holds 13,634.958 shares of Camden National common stock. This total includes 6,222 restricted stock units and restricted shares that are still subject to vesting and forfeiture restrictions, so not all of these shares are fully vested yet.

Is the Camden National (CAC) Form 4 transaction a market buy or sell?

No, the Form 4 transaction reflects a grant or award acquisition, not a market trade. The code “A” indicates restricted stock granted as compensation, with 1,087 restricted shares issued under the 2022 Equity and Incentive Plan rather than shares bought or sold on the open market.

What plan governs the restricted stock grant reported by Camden National (CAC)?

The restricted stock grant was made under Camden National’s 2022 Equity and Incentive Plan and its amendment. This plan provides for equity-based compensation, including restricted stock awards like the 1,087-share grant that vests over three years, subject to the executive’s continued employment.