Camden National (CAC) SVP reports small tax withholding share disposition

Rhea-AI Filing Summary

Camden National Corp senior vice president Brandon Y. Boey reported a small tax-related share disposition. On March 9, 2026, 35 shares of common stock were withheld at $45.83 per share to cover minimum tax on restricted stock units that vested that day. After this withholding, Boey directly held 2,989 shares of common stock, including 2,133 restricted stock units that remain subject to vesting and forfeiture conditions. This filing reflects a routine compensation-related tax event rather than an open-market trade.

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

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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^*

Boey Brandon Y

(Last) (First) (Middle)

2 ELM STREET

PO BOX 310

(Street)

CAMDEN ME 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)
	SVP

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		F		35(1)	D	$45.83	2,989(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)
				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 stock units that vested on March 9, 2026.

2. Includes 2,133 restricted stock units that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/11/2026
	** 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).
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FAQ

What insider transaction did Camden National (CAC) report for Brandon Y. Boey?

Camden National senior vice president Brandon Y. Boey reported a tax-related share disposition. On March 9, 2026, 35 shares were withheld to satisfy minimum tax obligations on recently vested restricted stock units, rather than being sold in the open market.

How many Camden National (CAC) shares were withheld for taxes in this Form 4?

The Form 4 shows that 35 shares of Camden National common stock were withheld. The shares were taken to cover minimum tax obligations arising from restricted stock units that vested on March 9, 2026, a standard mechanism for handling equity compensation taxes.

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

The withheld 35 shares were valued at $45.83 per share for tax purposes. This price is used to determine the value of shares delivered to satisfy the minimum tax withholding obligation when the restricted stock units vested on March 9, 2026.

How many Camden National (CAC) shares does Brandon Y. Boey hold after this transaction?

After the tax withholding, Brandon Y. Boey directly held 2,989 shares of Camden National common stock. This total includes 2,133 restricted stock units that are still subject to vesting schedules and forfeiture conditions, so not all of these shares are fully vested yet.

Does this Camden National (CAC) Form 4 reflect an open-market sale by the SVP?

No, the Form 4 reflects a tax-withholding disposition, not an open-market sale. The 35 shares were withheld automatically to cover minimum tax obligations on vested restricted stock units, a routine administrative step tied to equity compensation.

What do the restricted stock units in Camden National (CAC) SVP’s holdings represent?

Of the 2,989 shares reported as held, 2,133 are restricted stock units. These units represent rights to receive shares in the future, subject to vesting schedules and forfeiture conditions, so they function as unvested equity compensation rather than fully tradable stock.