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Camden National (NASDAQ: CAC) EVP reports 258 shares withheld for tax on vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp EVP Renee Smyth reported routine share dispositions related to tax withholding on vested equity awards. On April 29, 2026, 140 shares of common stock were withheld at $47.97 per share, followed by 118 shares on April 30, 2026 at $48.17 per share. These transactions were classified as tax-withholding dispositions, not open-market sales. After the April 30 transaction, Smyth directly held 29,280.604 shares of common stock. Footnotes state that holdings include 5,967 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

  • None.

Negative

  • None.

Insights

Routine tax withholding on vested awards; no open-market trading signal.

The transactions by EVP Renee Smyth consist solely of shares withheld to cover minimum tax obligations on restricted shares that vested on April 29, 2026 and April 30, 2026. Code F and the footnotes confirm these are administrative events tied to equity compensation.

Because the 258 shares were withheld rather than sold in the market, they do not represent discretionary selling activity. Smyth continues to hold 29,280.604 common shares directly, and footnotes indicate an additional 5,967 restricted stock units and restricted shares subject to future vesting and forfeiture conditions.

Insider Smyth Renee
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 118 $48.17 $6K
Tax Withholding Common Stock 140 $47.97 $7K
Holdings After Transaction: Common Stock — 29,280.604 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 29, 2026. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026. Includes 5,967 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Tax-withheld shares April 29, 2026 140 shares at $47.97 Common stock withheld for tax on vested restricted shares
Tax-withheld shares April 30, 2026 118 shares at $48.17 Common stock withheld for tax on vested restricted shares
Total tax-withheld shares 258 shares Aggregate shares withheld for tax across both dates
Post-transaction holdings 29,280.604 shares Common stock directly held after April 30, 2026 disposition
Restricted stock units and shares 5,967 units/shares Subject to vesting and forfeiture restrictions per footnote
restricted stock units financial
"Includes 5,967 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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for both common stock transactions"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
minimum tax withholding obligation financial
"Consists of shares withheld in order to satisfy the minimum tax withholding obligation"
vesting and 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 4UNITED 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*
Smyth Renee
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/29/2026F140(1)D$47.9729,398.604D
Common Stock04/30/2026F118(2)D$48.1729,280.604(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 29, 2026.
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.
3. Includes 5,967 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA05/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Camden National (CAC) EVP Renee Smyth report in this Form 4?

Renee Smyth reported share dispositions solely from tax withholding on vested restricted shares. The company withheld 258 common shares over two days to satisfy minimum tax obligations, rather than Smyth selling shares in open-market transactions.

How many Camden National (CAC) shares were withheld for taxes in this filing?

A total of 258 common shares were withheld for taxes. The company withheld 140 shares at $47.97 on April 29, 2026 and 118 shares at $48.17 on April 30, 2026 to cover minimum tax obligations on vested restricted shares.

Are the Camden National (CAC) transactions open-market sales by the EVP?

No, the transactions are classified as tax-withholding dispositions under code F. Footnotes explain the shares were withheld by the company to satisfy minimum tax obligations on vested restricted shares, not discretionary open-market sales by EVP Renee Smyth.

How many Camden National (CAC) shares does Renee Smyth hold after these transactions?

Following the April 30, 2026 tax-withholding disposition, Renee Smyth directly holds 29,280.604 shares of Camden National common stock. Footnotes also note 5,967 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

What role do restricted stock units play in this Camden National (CAC) Form 4?

Footnotes state the position includes 5,967 restricted stock units and restricted shares subject to vesting and forfeiture. As these units vest, shares may again be withheld to cover tax obligations, similar to the routine tax-withholding dispositions reported in this filing.

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

Transaction code F denotes payment of tax liability or exercise price by delivering securities. Here it reflects shares withheld by Camden National to satisfy minimum tax withholding on restricted shares that vested on April 29 and April 30, 2026.