Camden National Corp (CAC) EVP acquires 961 discounted shares

Rhea-AI Filing Summary

Camden National Corp executive vice president William H. Martel acquired 961 shares of common stock on March 5, 2026 through the company’s Third Amended and Restated Management Stock Purchase Plan.

The shares were purchased at a one-fourth discount to the company’s March 5, 2026 closing share price and will cliff-vest two years after the issuance date. Following this award, Martel holds a total of 20,346 shares, including 8,277 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^*

Martel William H

(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)
03/05/2026

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	03/05/2026		A		961	A	$34.58(1)	20,346(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 purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date.

2. Includes 8,277 restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/09/2026
	** 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).
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FAQ

What insider transaction did Camden National Corp (CAC) report for William H. Martel?

Camden National Corp reported that EVP William H. Martel acquired 961 shares of common stock on March 5, 2026. The shares were obtained through the Third Amended and Restated Management Stock Purchase Plan at a discounted price and are subject to future vesting conditions.

At what price did William H. Martel acquire Camden National (CAC) shares?

William H. Martel acquired 961 shares at $34.58 per share under the Management Stock Purchase Plan. The footnotes state the shares were purchased at a one-fourth discount to Camden National’s March 5, 2026 closing share price, enhancing his equity-based compensation.

How many Camden National Corp (CAC) shares does William H. Martel own after this Form 4?

After the March 5, 2026 transaction, William H. Martel directly owns 20,346 shares of Camden National common stock. This total includes 8,277 restricted shares that are still subject to vesting and forfeiture restrictions, reflecting a mix of fully vested and unvested equity.

What are the vesting terms for William H. Martel’s new Camden National (CAC) shares?

The 961 shares acquired by William H. Martel will cliff-vest two years after the issuance date. Cliff vesting means none of these shares vest gradually; instead, they all become fully vested at the end of the two-year period if conditions are met.

What is the Management Stock Purchase Plan mentioned in Camden National’s Form 4?

The Third Amended and Restated Management Stock Purchase Plan allows executives to purchase company shares, here at a one-fourth discount to the closing price. Martel’s 961-share acquisition under this plan is part of his equity compensation and is subject to a two-year cliff-vesting schedule.

Are all of William H. Martel’s Camden National (CAC) shares fully vested?

Not all of William H. Martel’s shares are fully vested. Of his 20,346 shares, 8,277 are restricted shares subject to vesting and forfeiture restrictions. In addition, the 961 newly acquired shares will cliff-vest two years after their March 5, 2026 issuance date.