Camden National EVP has 45 shares withheld for tax

Camden National Corp EVP Garrett McKnight had 45 shares of Common Stock withheld on May 15, 2026 to cover minimum tax obligations on restricted stock units that vested that day.

Rhea-AI Filing Summary

Camden National Corp EVP Garrett McKnight had 45 shares of Common Stock withheld on May 15, 2026 to cover minimum tax obligations on restricted stock units that vested that day. The shares were valued at $47.34 per share and this was not an open-market sale.

After this tax-withholding disposition, McKnight directly holds 6,223 shares of Camden National stock, including 4,248 restricted stock units and restricted shares that remain subject to future vesting and forfeiture conditions.

Insider Trade Summary

Exercise Price or Tax Liability: 45 shares

Exercise Price or Tax Liability 1 txn

Insider McKnight Garrett

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	45	$47.34	$2K

Holdings After Transaction: Common Stock — 6,223 shares (Direct)

Footnotes (2)

1. F1. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted stock units that vested on May 15, 2026.
2. F2. Includes 4,248 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

Shares withheld for taxes: 45 shares Withholding price: $47.34 per share Shares held after transaction: 6,223 shares +1 more

4 metrics

Shares withheld for taxes 45 shares Tax-withholding disposition on May 15, 2026

Withholding price $47.34 per share Value used for 45 withheld shares

Shares held after transaction 6,223 shares Direct holdings following tax withholding

Restricted stock units and restricted shares 4,248 units/shares Included in post-transaction holdings, subject to vesting/forfeiture

Key Terms

restricted stock units, minimum tax withholding obligation, forfeiture restrictions, tax-withholding disposition

4 terms

restricted stock units financial

"restricted stock units that vested on May 15, 2026"

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.

minimum tax withholding obligation financial

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

forfeiture restrictions financial

"restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Camden National (CAC) EVP Garrett McKnight report in this Form 4?

Garrett McKnight reported a tax-withholding disposition of 45 Camden National shares. These shares were withheld to satisfy minimum taxes on restricted stock units that vested on May 15, 2026, rather than being sold in the open market.

Was the Camden National (CAC) Form 4 transaction a stock sale by the EVP?

No, the transaction was not an open-market sale. The 45 shares were withheld by the company at $47.34 per share to cover tax obligations arising when Garrett McKnight’s restricted stock units vested on May 15, 2026.

How many Camden National (CAC) shares does Garrett McKnight hold after this filing?

After the tax-withholding transaction, Garrett McKnight directly holds 6,223 shares of Camden National Common Stock. This total includes 4,248 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions going forward.

What price was used for the withheld Camden National (CAC) shares?

The 45 withheld shares were valued at $47.34 per share. This price is used solely for calculating the tax-withholding disposition related to the vesting of restricted stock units, rather than representing a negotiated market sale price by the executive.

What triggered the share withholding for Camden National (CAC) EVP McKnight?

The withholding was triggered when restricted stock units vested on May 15, 2026. To meet the minimum tax withholding obligation on that vesting event, 45 shares of Camden National Common Stock were withheld instead of McKnight receiving those shares outright.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 03:56 PM Learn about SEC filing dates

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^*

McKnight Garrett

(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)
05/15/2026

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	05/15/2026		F		45(1)	D	$47.34	6,223(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 restricted stock units that vested on May 15, 2026.

2. Includes 4,248 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	05/19/2026
	** 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)