Tax withholding on vested RSUs for Camden National (CAC) EVP

Rhea-AI Filing Summary

Camden National Corp EVP David Ackley reported routine tax-related share withholdings tied to vesting equity awards. On April 24, 2026, a total of 299 shares of common stock were withheld at $49.68 per share to satisfy minimum tax obligations.

Footnotes explain that 213 shares related to restricted shares and 86 shares related to restricted stock units from the 2023–2025 Long-Term Performance Plan that vested on April 25, 2026. These are not open-market sales; they are automatic tax-withholding dispositions, and Ackley continues to hold more than 12,000 shares directly.

Insights

Equity analyst

Routine tax withholding on vested awards, no open-market selling signal.

EVP David Ackley had 299 Camden National common shares withheld at $49.68 per share to cover tax obligations on vesting restricted shares and RSUs. These F-code transactions are mechanical and do not reflect discretionary buying or selling decisions.

The filing also notes 5,135 restricted stock units and restricted shares still subject to vesting and forfeiture, indicating ongoing equity-based compensation alignment. With more than 12,000 shares held directly after these entries, the scale of the withholding appears modest relative to his overall position.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ackley David

Role EVP

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	86	$49.68	$4K
Tax Withholding	Common Stock	213	$49.68	$11K

Holdings After Transaction: Common Stock — 12,760.958 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 5,135 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld on restricted shares: 213 shares Shares withheld on RSUs: 86 shares Total tax-withholding shares: 299 shares +4 more

7 metrics

Shares withheld on restricted shares 213 shares Tax withholding on vested restricted shares using $49.68 price

Shares withheld on RSUs 86 shares Tax withholding on vested RSUs using $49.68 price

Total tax-withholding shares 299 shares Aggregate F-code tax-withholding dispositions on April 24, 2026

Withholding price per share $49.68 per share Price used to calculate minimum tax withholding on April 24, 2026

Post-transaction holding (entry 1) 12,547.958 shares Direct common stock holding reported after 213-share withholding

Post-transaction holding (entry 2) 12,760.958 shares Direct common stock holding reported after 86-share withholding

Unvested RSUs and restricted shares 5,135 units/shares Restricted stock units and restricted shares still subject to vesting and forfeiture

Key Terms

restricted stock units, restricted shares, Long-Term Performance Plan, tax withholding obligation, +1 more

5 terms

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.

restricted shares financial

"Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested"

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.

Long-Term Performance Plan financial

"restricted stock units that were granted under the issuer's 2023-2025 Long-Term Performance Plan"

tax withholding obligation financial

"shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares"

vesting financial

"restricted shares that vested on April 25, 2026, using the April 24, 2026 price"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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^*

Ackley David

(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)
	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)

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	04/24/2026		F		86(1)	D	$49.68	12,760.958	D
Common Stock	04/24/2026		F		213(2)	D	$49.68	12,547.958(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 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 5,135 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	04/28/2026
	** 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)

FAQ

What did Camden National (CAC) EVP David Ackley report in this Form 4?

EVP David Ackley reported tax-related share withholdings, not open-market trades. A total of 299 Camden National common shares were withheld at $49.68 per share to satisfy minimum tax obligations on recently vested restricted shares and restricted stock units.

How many Camden National (CAC) shares were withheld for taxes from Ackley’s awards?

In total, 299 shares of Camden National common stock were withheld. This consisted of 213 shares tied to vested restricted shares and 86 shares tied to vested restricted stock units, all priced at $49.68 per share for tax-calculation purposes.

Were David Ackley’s Camden National (CAC) transactions open-market sales?

No, the transactions were not open-market sales. Both were coded F, meaning shares were withheld by the issuer to cover minimum tax obligations on vesting equity awards, rather than discretionary selling of stock into the market.

What equity awards of Camden National (CAC) were involved in these withholdings?

The withholdings related to restricted shares and restricted stock units. These RSUs were granted under Camden National’s 2023–2025 Long-Term Performance Plan and vested on April 25, 2026, triggering tax obligations settled via share withholding.

How many unvested Camden National (CAC) awards does Ackley still hold?

The filing states that Ackley’s holdings include 5,135 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions. This indicates a continued tie between his compensation and Camden National’s future performance.

How large is David Ackley’s remaining Camden National (CAC) share position?

After the tax-withholding entries, Ackley continues to hold more than 12,000 shares of Camden National common stock directly. The post-transaction balances reported in the filing show his equity stake remains significant despite the small tax-related dispositions.