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Camden National (CAC) EVP reports 292 shares withheld for taxes on vesting awards

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

Rhea-AI Filing Summary

Camden National Corp EVP Patricia A. Rose reported routine share withholdings for taxes tied to restricted stock vesting. On April 29, 158 shares of common stock were withheld at $47.97 per share, and on April 30, 134 shares were withheld at $48.17 per share.

These Form 4 entries reflect tax-withholding dispositions rather than open-market sales. After these transactions, Rose directly held about 28,777.352 shares of Camden National common stock, including 4,109 restricted stock units and restricted shares subject to vesting and forfeiture terms.

Positive

  • None.

Negative

  • None.

Insights

Routine tax withholding on vesting, not discretionary selling.

EVP Patricia A. Rose reported two code F transactions where a total of 292 shares of Camden National common stock were withheld to cover minimum tax obligations on restricted shares vesting on April 29 and April 30, 2026.

Code F indicates tax-withholding dispositions, not open-market sales, so these actions are largely mechanical and compensation-related. Following the withholdings, Rose still directly holds about 28,777.352 shares, including 4,109 unvested restricted stock units and restricted shares, suggesting these are minor routine adjustments relative to her overall position.

Insider Rose Patricia A
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 134 $48.17 $6K
Tax Withholding Common Stock 158 $47.97 $8K
Holdings After Transaction: Common Stock — 28,777.352 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. Consists of 145.759 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program. Includes 4,109 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Shares withheld April 29, 2026 158 shares at $47.97 Tax withholding on restricted shares vesting April 29, 2026
Shares withheld April 30, 2026 134 shares at $48.17 Tax withholding on restricted shares vesting April 30, 2026
Total shares withheld for taxes 292 shares Combined April 29 and April 30, 2026 tax-withholding dispositions
Post-transaction direct holdings 28,777.352 shares Common stock directly held by EVP Rose after April 30, 2026 transaction
Restricted stock units and shares 4,109 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture
Dividend reinvestment acquisitions 145.759 shares Shares acquired since last filing through dividend reinvestment program
restricted shares financial
"minimum tax withholding obligation on restricted shares that vested on April 29, 2026"
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.
dividend reinvestment program financial
"shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
restricted stock units financial
"Includes 4,109 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
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"
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*
Rose Patricia A
(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 Stock04/29/2026F158(1)D$47.9728,911.352D
Common Stock04/30/2026F134(2)D$48.1728,777.352(3)(4)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. Consists of 145.759 shares acquired since the last filing as a result of participation in the Company's dividend reinvestment program.
4. Includes 4,109 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 insider transactions did Camden National (CAC) report for EVP Patricia A. Rose?

EVP Patricia A. Rose reported two Form 4 transactions where a total of 292 Camden National common shares were withheld. These were tax-withholding dispositions connected to restricted stock vesting, not open-market purchases or sales, and therefore represent routine compensation-related activity.

Were the recent Camden National (CAC) insider transactions open-market sales?

No, the reported transactions were not open-market sales. They were code F tax-withholding dispositions, where shares were withheld by the company to satisfy minimum tax obligations on restricted shares that vested on April 29 and April 30, 2026, per the footnotes.

How many Camden National (CAC) shares were withheld for EVP Rose’s tax obligations?

A total of 292 Camden National common shares were withheld for taxes. This included 158 shares at $47.97 per share on April 29, 2026, and 134 shares at $48.17 per share on April 30, 2026, as disclosed in the Form 4 transactions.

What is EVP Patricia A. Rose’s Camden National (CAC) shareholding after these transactions?

After the reported tax-withholding transactions, EVP Patricia A. Rose directly holds about 28,777.352 Camden National common shares. This total includes 4,109 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions, according to the Form 4 footnotes.

What do the Form 4 footnotes reveal about Camden National (CAC) insider share changes?

Footnotes explain that the shares were withheld to satisfy minimum tax withholding obligations on restricted shares vesting on April 29 and April 30, 2026. They also note 145.759 shares acquired through the dividend reinvestment program and 4,109 restricted stock units and restricted shares included in holdings.

How should investors interpret the tax-withholding code F transactions at Camden National (CAC)?

Code F tax-withholding transactions are largely administrative. They show shares withheld by the issuer to cover tax liabilities on vesting awards, rather than discretionary market trades. For EVP Rose, the 292 shares withheld are small relative to her total reported holdings.