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Camden National (CAC) EVP reports 369-share tax withholding on vested awards

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camden National Corp EVP Renee Smyth reported routine share withholdings tied to equity awards. On April 24, 2026, a total of 369 shares of common stock were disposed of at $49.68 per share to satisfy minimum tax withholding on restricted shares and restricted stock units that vested on April 25, 2026. After these tax-withholding dispositions, Smyth directly owns about 28,627.604 shares of common stock, including 5,670 restricted stock units and restricted shares subject to vesting and forfeiture conditions.

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Insider Smyth Renee
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 106 $49.68 $5K
Tax Withholding Common Stock 263 $49.68 $13K
Holdings After Transaction: Common Stock — 28,627.604 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 25, 2026, using the April 24, 2026 price. 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. Includes 5,670 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Tax-withheld shares 369 shares Shares withheld to satisfy minimum tax withholding obligations
Tax-withholding price $49.68 per share Price used for April 24, 2026 tax-withholding valuation
Post-transaction holdings 28,627.604 shares Common stock directly owned after reported dispositions
Unvested RSUs and restricted shares 5,670 units/shares Restricted stock units and restricted shares still subject to vesting and forfeiture
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.
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 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)
04/24/2026		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 Stock04/24/2026F106(1)D$49.6828,627.604D
Common Stock04/24/2026F263(2)D$49.6828,364.604(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 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 5,670 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA04/28/2026
** 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 transaction did Camden National (CAC) EVP Renee Smyth report?

Renee Smyth reported 369 shares of Camden National common stock disposed as part of tax withholding. These shares were withheld to cover taxes on recently vested restricted shares and restricted stock units, not sold in an open-market transaction.

Was the Camden National (CAC) insider transaction an open-market sale?

No, the transaction was a tax-withholding disposition, coded "F". Shares were withheld by the company to satisfy minimum tax obligations on vesting equity awards, rather than sold at the insider’s discretion in the open market.

At what price were shares withheld for taxes in the CAC Form 4 filing?

The 369 shares withheld for tax obligations used a price of $49.68 per share. This price was based on Camden National’s share price on April 24, 2026, the date referenced for valuing the tax-withholding shares.

How many Camden National (CAC) shares does EVP Renee Smyth hold after the transaction?

Following the reported tax-withholding dispositions, EVP Renee Smyth directly holds about 28,627.604 shares of Camden National common stock. This total includes 5,670 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

What equity awards were involved in the Camden National (CAC) tax-withholding transaction?

The tax-withholding dispositions related to restricted shares and restricted stock units that vested on April 25, 2026. The restricted stock units were granted under Camden National’s 2023-2025 Long-Term Performance Plan.