Camden National CEO shares withheld for taxes

Camden National Corp CEO Simon Griffiths reported routine tax-related share withholdings tied to restricted stock vesting.

Rhea-AI Filing Summary

Camden National Corp CEO Simon Griffiths reported routine tax-related share withholdings tied to restricted stock vesting. On April 29, 2026, 824 shares of common stock were withheld at $47.97 per share, leaving him with 43,575 directly held shares. On April 30, 2026, a further 776 shares were withheld at $48.17 per share, after which he directly held 42,799 shares. Footnotes explain these were the minimum shares withheld to satisfy tax obligations on restricted shares that vested on those dates, and that his holdings include 25,650 restricted stock units and restricted shares subject to vesting and forfeiture conditions.

Insider Trade Summary

Exercise Price or Tax Liability: 1,600 shares

Exercise Price or Tax Liability 2 txns

Insider Griffiths Simon

Role CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	776	$48.17	$37K
Exercise Price or Tax Liability	Common Stock	824	$47.97	$40K

Holdings After Transaction: Common Stock — 42,799 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 29, 2026.
2. F2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.
3. F3. Includes 25,650 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld April 29, 2026: 824 shares at $47.97 Shares withheld April 30, 2026: 776 shares at $48.17 Total tax-withholding shares: 1,600 shares +3 more

6 metrics

Shares withheld April 29, 2026 824 shares at $47.97 Tax-withholding disposition on restricted shares vesting April 29, 2026

Shares withheld April 30, 2026 776 shares at $48.17 Tax-withholding disposition on restricted shares vesting April 30, 2026

Total tax-withholding shares 1,600 shares Aggregate of two F-code tax-withholding transactions

Holdings after April 29, 2026 43,575 shares Common stock directly held following April 29 withholding

Holdings after April 30, 2026 42,799 shares Common stock directly held following April 30 withholding

Restricted units and shares 25,650 units/shares Restricted stock units and restricted shares subject to vesting/forfeiture

Key Terms

restricted shares, tax withholding obligation, restricted stock units, vesting and forfeiture restrictions, +1 more

5 terms

restricted shares financial

"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.

tax withholding obligation financial

"satisfy the minimum tax withholding obligation on restricted shares"

restricted stock units financial

"Includes 25,650 restricted stock units and restricted shares"

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.

vesting and forfeiture restrictions financial

"subject to vesting and forfeiture restrictions"

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

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.

FAQ

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

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

Simon Griffiths reported two tax-related share dispositions, totaling 1,600 common shares, on April 29 and 30, 2026. These were shares withheld by the company to cover minimum tax obligations on newly vested restricted stock, not open-market sales.

Were the recent Camden National (CAC) CEO share dispositions open-market sales?

No, the Form 4 shows tax-withholding dispositions, coded “F,” not open-market sales. The shares were withheld to satisfy minimum tax withholding obligations triggered when restricted shares vested on April 29, 2026 and April 30, 2026, according to the footnotes.

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

After the April 30, 2026 withholding, CEO Simon Griffiths directly holds 42,799 shares of Camden National common stock. Footnote disclosure indicates this figure includes 25,650 restricted stock units and restricted shares that remain subject to vesting and potential forfeiture conditions.

What were the prices used for the Camden National (CAC) CEO tax withholdings?

The Form 4 reports withholding of 824 shares at $47.97 per share on April 29, 2026 and 776 shares at $48.17 per share on April 30, 2026. These prices are used to value shares withheld to satisfy tax obligations.

What do the restricted stock units reported for Camden National (CAC) CEO represent?

Footnotes state the CEO’s holdings include 25,650 restricted stock units and restricted shares. These represent equity awards that vest over time and are subject to vesting and forfeiture restrictions, meaning the CEO’s ability to keep them depends on meeting specified conditions.

Why were Camden National (CAC) CEO shares withheld in April 2026?

Footnotes explain the April 29 and 30, 2026 transactions each consist of shares withheld to cover the minimum tax withholding obligation on restricted shares that vested on those specific dates. This is a common mechanism for handling taxes on equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 04:08 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^*

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)
04/29/2026

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	04/29/2026		F		824(1)	D	$47.97	43,575	D
Common Stock	04/30/2026		F		776(2)	D	$48.17	42,799(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 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 25,650 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	05/01/2026
	** 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)