Camden National (CAC) EVP adds 733 discounted shares under stock purchase plan

Rhea-AI Filing Summary

Camden National Corp EVP Andrew Forbes acquired additional company stock through a compensation plan. On the reported date, he received 733 shares of Camden National common stock at a price of $34.58 per share under the Third Amended and Restated Management Stock Purchase Plan.

The plan allowed the shares to be purchased at a one-fourth discount to the company’s March 5, 2026 closing share price, and these shares will cliff-vest two years after the issuance date. Following this award, Forbes directly holds 4,894 shares, including 4,301 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Forbes Andrew

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	733	$34.58	$25K

Holdings After Transaction: Common Stock — 4,894 shares (Direct)

Footnotes (1)

1. Shares purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date. Includes 4,301 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Form 4 Insider Transactions: What Each Field Means →

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 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)
	EVP

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		733	A	$34.58(1)	4,894(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. Shares purchased under the Third Amended and Restated Management Stock Purchase Plan ("MSPP") at a one-fourth discount of the Company's March 05, 2026 closing share price. These shares will cliff-vest two years after issuance date.

2. Includes 4,301 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/09/2026
	** 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.

FAQ

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

Camden National reported that EVP Andrew Forbes acquired 733 shares of common stock. The shares were obtained through the company’s Management Stock Purchase Plan at a discounted price and are subject to a two-year cliff-vesting period starting from the issuance date.

How many Camden National (CAC) shares does Andrew Forbes hold after this Form 4?

After the reported transaction, Andrew Forbes directly holds 4,894 shares of Camden National common stock. This figure includes 4,301 restricted stock units and restricted shares that are still subject to vesting schedules and potential forfeiture conditions outlined by the company.

What price did Andrew Forbes pay per share in the Camden National (CAC) stock plan?

The transaction reports a price of $34.58 per share for the 733 acquired shares. According to the footnote, these shares were purchased at a one-fourth discount to Camden National’s March 5, 2026 closing share price under the Management Stock Purchase Plan.

What is the vesting schedule for Andrew Forbes’s new Camden National (CAC) shares?

The 733 newly acquired shares will cliff-vest two years after the issuance date. Cliff-vesting means none of these shares vest gradually; instead, they become fully vested at the end of the two-year period if plan conditions are satisfied.

Are Andrew Forbes’s Camden National (CAC) holdings fully vested?

Not all of Andrew Forbes’s holdings are fully vested. Of his 4,894 shares, 4,301 are restricted stock units and restricted shares that remain subject to vesting and potential forfeiture, reflecting ongoing performance or service-based conditions defined by Camden National.

Was Andrew Forbes’s Camden National (CAC) share acquisition an open-market purchase?

The acquisition was not an open-market purchase. It occurred under Camden National’s Third Amended and Restated Management Stock Purchase Plan, which allowed Forbes to obtain shares at a discounted price and with a specified two-year cliff-vesting schedule.