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[Form 4] CAMDEN NATIONAL CORP Insider Trading Activity

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

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley reported a small, routine share disposition related to taxes. On March 6, 2026, 28 shares of common stock were withheld at $45.92 per share to satisfy minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026.

After this tax-withholding transaction, Ackley holds a total of 12,253.958 shares of Camden National common stock directly, including 5,957 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

  • None.

Negative

  • None.
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*
Ackley David

(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)
03/06/2026
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 03/06/2026 F 28(1) D $45.92 12,253.958(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 the Management Stock Purchase Plan ("MSPP") shares that vested on March 7, 2026, using the March 6, 2026 price.
2. Includes 5,957 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA 03/10/2026
** 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) EVP David Ackley report?

EVP David Ackley reported a small tax-related share disposition. On March 6, 2026, 28 Camden National common shares were withheld to cover minimum tax obligations on Management Stock Purchase Plan shares that vested on March 7, 2026.

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

The filing shows 28 Camden National common shares were withheld for taxes. The shares were valued at $45.92 each and used to satisfy minimum tax withholding on Management Stock Purchase Plan shares that had just vested.

Does the Camden National (CAC) Form 4 show an open-market sale by the EVP?

The Form 4 does not show an open-market sale. It records a tax-withholding disposition, where 28 shares were withheld by the company to satisfy minimum tax obligations on vested Management Stock Purchase Plan shares, rather than sold on the open market.

How many Camden National (CAC) shares does EVP David Ackley hold after this transaction?

After the tax-withholding transaction, EVP David Ackley holds 12,253.958 Camden National common shares directly. This total includes 5,957 restricted stock units and restricted shares that remain subject to vesting schedules and potential forfeiture conditions.

What role do restricted stock units play in David Ackley’s Camden National (CAC) holdings?

Ackley’s holdings include 5,957 restricted stock units and restricted shares. These awards are subject to vesting and forfeiture restrictions, meaning he will only fully benefit from them as they vest over time and are not forfeited under plan conditions.

What is the Management Stock Purchase Plan mentioned in the Camden National (CAC) Form 4?

The Management Stock Purchase Plan, or MSPP, is a program under which shares can vest for executives. In this case, shares vested on March 7, 2026, and 28 shares were withheld using the March 6, 2026 price to cover the related minimum tax withholding requirement.
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