Camden National (CAC) CEO has 1,896 shares withheld for equity award taxes

Rhea-AI Filing Summary

Camden National Corp CEO Simon Griffiths reported routine tax-withholding transactions related to equity awards. On restricted shares and restricted stock units that vested on April 25, 2026, a total of 1,896 common shares were withheld to cover minimum tax obligations, using the April 24, 2026 price of $49.68 per share. After these dispositions, Griffiths directly holds 38,834 common shares, including 24,179 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions. These Form 4 entries reflect compensation-related tax withholding rather than open-market buying or selling.

Insights

Equity compensation and governance analyst

CEO’s Form 4 shows tax withholding on vesting awards, not open-market selling.

CEO Simon Griffiths had 1,896 Camden National common shares withheld at $49.68 per share to satisfy minimum tax obligations on restricted shares and restricted stock units that vested on April 25, 2026.

Code F transactions are mechanical and tied to compensation, not discretionary selling. After these entries, Griffiths holds 38,834 common shares directly, including 24,179 restricted stock units and restricted shares still subject to vesting and forfeiture. The filing indicates routine equity award administration rather than a change in investment stance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Griffiths Simon

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	542	$49.68	$27K
Tax Withholding	Common Stock	1,354	$49.68	$67K

Holdings After Transaction: Common Stock — 38,834 shares (Direct, null)

Footnotes (1)

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. 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. Includes 24,179 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld on restricted shares: 1,354 shares Shares withheld on RSUs: 542 shares Total shares withheld for taxes: 1,896 shares +3 more

6 metrics

Shares withheld on restricted shares 1,354 shares Withheld to cover minimum tax on restricted shares vested April 25, 2026 at $49.68

Shares withheld on RSUs 542 shares Withheld to cover minimum tax on RSUs under 2023-2025 Long-Term Performance Plan

Total shares withheld for taxes 1,896 shares Aggregate tax-withholding shares for vested restricted shares and RSUs

Tax withholding share price $49.68 per share Price used on April 24, 2026 to determine tax-withholding shares

Shares after transactions 38,834 shares Common shares directly held by CEO following reported dispositions

Unvested restricted and RSU awards 24,179 units/shares Restricted stock units and restricted shares still subject to vesting and forfeiture

Key Terms

restricted stock units, tax withholding obligation, Long-Term Performance Plan, vesting, +1 more

5 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.

tax withholding obligation financial

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

Long-Term Performance Plan financial

"granted under the issuer's 2023-2025 Long-Term Performance Plan that vested on April 25, 2026"

vesting financial

"restricted shares that vested on April 25, 2026, using the April 24, 2026 price"

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"

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^*

Griffiths Simon

(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)
	CEO

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		542(1)	D	$49.68	38,834	D
Common Stock	04/24/2026		F		1,354(2)	D	$49.68	37,480(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 24,179 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)

FAQ

What insider transaction did Camden National (CAC) CEO Simon Griffiths report?

Simon Griffiths reported shares withheld for tax obligations, not an open-market sale. A total of 1,896 Camden National common shares were withheld to cover minimum taxes on vested restricted shares and restricted stock units, using the April 24, 2026 price of $49.68 per share.

How many Camden National (CAC) shares were withheld for CEO tax obligations?

In total, 1,896 Camden National common shares were withheld to satisfy minimum tax withholding obligations. This included 1,354 shares tied to restricted shares and 542 shares tied to restricted stock units that vested on April 25, 2026, using the April 24, 2026 price.

At what price were Camden National (CAC) shares valued for the CEO’s tax withholding?

The withheld shares were valued at $49.68 per share. This price was used to determine how many Camden National shares to withhold to cover the CEO’s minimum tax obligations on vested restricted shares and restricted stock units as of April 24, 2026.

How many Camden National (CAC) shares does CEO Simon Griffiths hold after these transactions?

After the reported tax-withholding dispositions, Simon Griffiths directly holds 38,834 Camden National common shares. This total includes 24,179 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions under the company’s long-term performance and equity plans.

Were the Camden National (CAC) CEO’s reported transactions open-market sales?

No, the reported transactions were not open-market sales. They were Form 4 code F events, meaning shares were withheld by Camden National solely to satisfy minimum tax withholding obligations on vested restricted shares and restricted stock units, as described in the filing footnotes.

What equity awards at Camden National (CAC) triggered the CEO’s share withholding?

The withholding arose from restricted shares and restricted stock units granted under Camden National’s 2023-2025 Long-Term Performance Plan. These awards vested on April 25, 2026, and the company used the April 24, 2026 share price to calculate shares needed to cover minimum tax obligations.