Camden National (CAC) EVP has shares withheld for tax obligations

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Camden National Corp executive William H. Martel reported a small automatic share disposition related to taxes. On MSPP shares that vested on March 7, 2026, 55 shares of common stock were withheld on March 6, 2026 at $45.92 per share to satisfy minimum tax withholding obligations. After this tax-withholding disposition, he holds 20,291 shares directly, including 7,879 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Martel William H

Role EVP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	55	$45.92	$3K

Holdings After Transaction: Common Stock — 20,291 shares (Direct)

Footnotes (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. Includes 7,879 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/10/2026 - 04:34 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^*

Martel William H

(Last)

(First)

(Middle)

2 ELM STREET

P.O. BOX 310

(Street)

CAMDEN

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)
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	03/06/2026		F		55⁽¹⁾	D	$45.92	20,291⁽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)
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 the Management Stock Purchase Plan ("MSPP") shares that vested on March 7, 2026, using the March 6, 2026 price.

2. Includes 7,879 restricted stock units and 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Camden National (CAC) reported that EVP William H. Martel had 55 common shares withheld on March 6, 2026 to cover minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026, rather than executing an open-market trade.

Was the Camden National (CAC) Form 4 transaction a discretionary sale?

The Form 4 for Camden National (CAC) shows a tax-withholding disposition, not a discretionary sale. Fifty-five shares were withheld automatically to satisfy minimum tax withholding on vested Management Stock Purchase Plan shares, described as payment of tax liability by delivering securities.

How many Camden National (CAC) shares does William H. Martel hold after this filing?

Following the reported tax-withholding disposition, EVP William H. Martel holds 20,291 Camden National (CAC) common shares directly. This total includes 7,879 restricted stock units and restricted shares that remain subject to vesting schedules and potential forfeiture conditions.

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

The 55 Camden National (CAC) common shares withheld for taxes were valued at $45.92 per share. The filing states this price reflects the March 6, 2026 value used to satisfy the minimum tax withholding obligation on Management Stock Purchase Plan shares vesting March 7, 2026.

What does the F transaction code mean in the Camden National (CAC) Form 4?

In the Camden National (CAC) Form 4, the F code indicates a tax-withholding disposition. It reflects payment of an exercise price or tax liability by delivering securities, here representing shares automatically withheld to cover taxes on vested Management Stock Purchase Plan shares.

Are any of William H. Martel’s Camden National (CAC) shares subject to vesting conditions?

Yes. The filing notes that 7,879 of William H. Martel’s Camden National (CAC) holdings are restricted stock units and restricted shares. These awards are still subject to vesting requirements and forfeiture restrictions, meaning they could be lost if conditions are not met.