Camden National EVP reports 260-share tax withholding

CAMDEN NATIONAL CORP executive Barbara Raths reported share dispositions tied to tax withholding, not market trades.

Rhea-AI Filing Summary

CAMDEN NATIONAL CORP executive Barbara Raths reported share dispositions tied to tax withholding, not market trades. On April 24, 2026, a total of 260 shares of common stock were withheld at $49.68 per share to cover minimum tax obligations on equity awards that vested on April 25, 2026.

Footnotes explain that 162 shares were withheld for restricted shares that vested, and 98 shares were withheld for restricted stock units granted under the issuer's 2023-2025 Long-Term Performance Plan. These transactions are coded as tax-withholding dispositions and reflect compensation-related withholding rather than open-market buying or selling.

Insider Trade Summary

Exercise Price or Tax Liability: 260 shares

Exercise Price or Tax Liability 2 txns

Insider Raths Barbara

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	98	$49.68	$5K
Exercise Price or Tax Liability	Common Stock	162	$49.68	$8K

Holdings After Transaction: Common Stock — 8,236 shares (Direct)

Footnotes (3)

1. F1. 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. F2. 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. F3. Includes 4,946 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Tax-withholding shares: 260 shares First tax-withholding lot: 162 shares Second tax-withholding lot: 98 shares +2 more

5 metrics

Tax-withholding shares 260 shares Total shares withheld for minimum tax obligations

First tax-withholding lot 162 shares Withheld for vested restricted shares on April 25, 2026

Second tax-withholding lot 98 shares Withheld for vested RSUs under 2023-2025 Long-Term Performance Plan

Share price used $49.68 per share April 24, 2026 price used to calculate tax withholding

Unvested equity awards 4,946 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Key Terms

restricted stock units, Long-Term Performance Plan, tax withholding obligation, restricted shares

4 terms

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

"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan"

tax withholding obligation financial

"shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares"

restricted shares financial

"Includes 4,946 restricted stock units and restricted shares that are subject to vesting"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CAMDEN NATIONAL CORP (CAC) EVP Barbara Raths report?

Barbara Raths reported two Form 4 transactions where a total of 260 CAMDEN NATIONAL CORP common shares were disposed. The shares were withheld by the company to satisfy minimum tax withholding obligations related to vesting restricted shares and restricted stock units, rather than open-market trades.

Were the CAMDEN NATIONAL CORP (CAC) Form 4 transactions open-market sales or tax withholding?

The Form 4 transactions were tax withholding, not open-market sales. Both are coded as “F” transactions, with footnotes stating the 260 withheld shares covered minimum tax obligations on vested restricted shares and restricted stock units using the April 24, 2026 share price.

How many CAMDEN NATIONAL CORP (CAC) shares were withheld for taxes in this Form 4?

A total of 260 common shares were withheld for taxes. One entry shows 162 shares withheld for vested restricted shares, and another shows 98 shares withheld for vested restricted stock units granted under the 2023-2025 Long-Term Performance Plan, all at $49.68 per share.

What price was used for the CAMDEN NATIONAL CORP (CAC) tax-withholding share dispositions?

Both tax-withholding dispositions used a price of $49.68 per share. Footnotes specify that this April 24, 2026 price was applied to shares withheld to satisfy minimum tax obligations on restricted shares and restricted stock units that vested on April 25, 2026.

What equity awards are referenced in Barbara Raths’s CAMDEN NATIONAL CORP (CAC) Form 4?

The Form 4 references restricted shares and restricted stock units. Footnotes note RSUs granted under the issuer’s 2023-2025 Long-Term Performance Plan and state that 4,946 restricted stock units and restricted shares remain subject to vesting and forfeiture restrictions after these tax-withholding transactions.

Does Barbara Raths still hold unvested equity in CAMDEN NATIONAL CORP (CAC) after these transactions?

Yes. A footnote states that 4,946 restricted stock units and restricted shares remain outstanding and are subject to vesting and forfeiture restrictions. These awards are separate from the 260 shares withheld to satisfy minimum tax withholding obligations on April 25, 2026 vesting events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 04:17 PM Learn about SEC filing dates

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^*

Raths Barbara

(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)
04/24/2026

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	04/24/2026		F		98(1)	D	$49.68	8,398	D
Common Stock	04/24/2026		F		162(2)	D	$49.68	8,236(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)
				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 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 4,946 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	04/28/2026
	** 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)