Camden National EVP has 239 shares withheld for taxes

Camden National Corp executive Andrew Forbes reported routine share withholdings to cover taxes on equity awards.

Rhea-AI Filing Summary

Camden National Corp executive Andrew Forbes reported routine share withholdings to cover taxes on equity awards. On April 24, 2026, a total of 239 shares of common stock were withheld at a price of $49.68 per share to satisfy minimum tax withholding obligations on restricted shares and restricted stock units that vested on April 25, 2026. The filing notes these awards were granted under the issuer's 2023-2025 Long-Term Performance Plan and that Forbes continues to hold additional restricted stock units and restricted shares subject to vesting and forfeiture conditions.

Insider Trade Summary

Exercise Price or Tax Liability: 239 shares

Exercise Price or Tax Liability 2 txns

Insider Forbes Andrew

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	90	$49.68	$4K
Exercise Price or Tax Liability	Common Stock	149	$49.68	$7K

Holdings After Transaction: Common Stock — 5,111 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 3,779 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Tax withholding shares total: 239 shares First withholding lot: 149 shares at $49.68 Second withholding lot: 90 shares at $49.68 +3 more

6 metrics

Tax withholding shares total 239 shares Shares withheld to satisfy minimum tax obligations on vesting equity awards

First withholding lot 149 shares at $49.68 Common stock withheld on April 24, 2026 for tax withholding

Second withholding lot 90 shares at $49.68 Additional common stock withheld on April 24, 2026 for tax withholding

Holdings after first transaction line 5,111 shares Direct common stock reported following one withholding transaction

Holdings after second transaction line 5,260 shares Direct common stock reported following another withholding transaction

Unvested restricted units and shares 3,779 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Key Terms

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

restricted shares financial

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

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.

Long-Term Performance Plan financial

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

tax withholding obligation financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did Camden National (CAC) EVP Andrew Forbes report?

Andrew Forbes reported a tax-related share disposition, not an open-market trade. A total of 239 Camden National common shares were withheld to satisfy minimum tax withholding obligations tied to vesting restricted shares and restricted stock units granted under the 2023-2025 Long-Term Performance Plan.

Were Andrew Forbes’ Camden National (CAC) transactions open-market sales?

No, the transactions were not open-market sales. Both entries used code F, indicating shares were withheld by the issuer to cover minimum tax obligations on vesting equity awards, rather than discretionary selling of Camden National common stock into the market.

How many Camden National (CAC) shares were withheld for Andrew Forbes’ taxes?

In total, 239 shares of Camden National common stock were withheld. One transaction covered 149 shares and another 90 shares, each priced at $49.68 per share, to satisfy minimum tax withholding obligations on equity awards that vested in April 2026.

What Camden National (CAC) equity awards were involved in Andrew Forbes’ Form 4?

The withholding transactions related to restricted shares and restricted stock units. These awards, granted under Camden National’s 2023-2025 Long-Term Performance Plan, vested on April 25, 2026, triggering the need to withhold shares to meet minimum tax obligations for Andrew Forbes.

Does Andrew Forbes still hold unvested Camden National (CAC) equity after this Form 4?

Yes, he still holds unvested equity. The filing notes that his position includes 3,779 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions, indicating a continued equity stake in Camden National beyond the tax withholding transactions.

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^*

Forbes Andrew

(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		90(1)	D	$49.68	5,260	D
Common Stock	04/24/2026		F		149(2)	D	$49.68	5,111(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 3,779 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)