Camden National (NASDAQ: CAC) EVP logs stock grant and tax withholding

Rhea-AI Filing Summary

Camden National Corp EVP Barbara Raths reported two stock-related transactions. On March 5, she acquired 735 shares of common stock as a grant/award under the Management Stock Purchase Plan at a one-fourth discount to the March 5, 2026 closing price. On March 6, 46 shares were disposed of to cover minimum tax withholding on restricted stock units that vested that day. After these transactions, she directly held 8,127 shares, including 6,030 restricted stock units and restricted shares subject to vesting and forfeiture conditions.

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

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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^*

Raths Barbara

(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		735	A	$34.58(1)	8,173	D
Common Stock	03/06/2026		F		46(2)	D	$45.92	8,127(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. 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. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 6, 2026.

3. Includes 6,030 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.
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FAQ

What insider transactions did CAC EVP Barbara Raths report on this Form 4?

Barbara Raths reported a grant of 735 Camden National common shares and a separate withholding of 46 shares for taxes. The grant came under the Management Stock Purchase Plan, while the withheld shares satisfied minimum tax obligations on newly vested restricted stock units.

Was the CAC EVP transaction an open-market buy or sell of shares?

The filing does not show any open-market buy or sell. It reports a grant/award acquisition of 735 shares under a stock purchase plan and a 46-share tax-withholding disposition tied to vesting restricted stock units, rather than discretionary trading in the open market.

How many Camden National shares does EVP Barbara Raths hold after these transactions?

After these transactions, Barbara Raths directly holds 8,127 Camden National common shares. This amount includes 6,030 restricted stock units and restricted shares that remain subject to vesting schedules and potential forfeiture conditions, as disclosed in the Form 4 footnote language.

What is the nature of the 735-share acquisition by CAC EVP Barbara Raths?

The 735-share acquisition is a grant or award under Camden National’s Third Amended and Restated Management Stock Purchase Plan. The shares were purchased at a one-fourth discount to the March 5, 2026 closing share price and will cliff-vest two years after the issuance date.

Why were 46 Camden National shares disposed of in the Form 4 filing?

The 46 Camden National shares were withheld to satisfy the minimum tax withholding obligation on restricted stock units that vested on March 6, 2026. This tax-withholding disposition is reported with transaction code F and is tied directly to the RSU vesting event.

Does the CAC Form 4 indicate complex ownership structures or third-party entities?

The Form 4 indicates direct ownership only, with no referenced trusts, partnerships, or other entities. The transactions and resulting 8,127-share holding are reported as directly owned by EVP Barbara Raths, without footnotes disclaiming voting or investment authority.