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Camden National (CAC) EVP reports 294-share tax withholding on vested awards

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

CAMDEN NATIONAL CORP executive William H. Martel reported routine share withholdings for taxes related to equity awards. On April 29 and April 30, 2026, a total of 294 shares of common stock were withheld at prices of $47.97 and $48.17 per share to satisfy minimum tax withholding obligations on restricted shares that vested on those dates. These are not open-market sales but tax-withholding dispositions connected to vesting. Following these transactions, Martel directly holds 21,904 shares of common stock, which includes 7,384 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

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Negative

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Insider Martel William H
Role EVP
Type Security Shares Price Value
Tax Withholding Common Stock 136 $48.17 $7K
Tax Withholding Common Stock 158 $47.97 $8K
Holdings After Transaction: Common Stock — 21,904 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 29, 2026. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026. Includes 7,384 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Shares withheld for taxes 294 shares Total tax-withholding dispositions on April 29–30, 2026
April 29 withholding price $47.97 per share 158 shares withheld on April 29, 2026
April 30 withholding price $48.17 per share 136 shares withheld on April 30, 2026
Shares held after transactions 21,904 shares Common stock directly held by Martel after April 30, 2026
Unvested equity awards 7,384 units/shares Restricted stock units and restricted shares subject to vesting/forfeiture
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.
restricted shares financial
"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.
restricted stock units financial
"Includes 7,384 restricted stock units and restricted shares"
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.
vesting and forfeiture restrictions financial
"subject to vesting and forfeiture restrictions"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Martel William H
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/29/2026F158(1)D$47.9722,040D
Common Stock04/30/2026F136(2)D$48.1721,904(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 29, 2026.
2. Consists of shares withheld in order to satisfy the minimum tax withholding obligation on restricted shares that vested on April 30, 2026.
3. Includes 7,384 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA05/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did CAC EVP William H. Martel report on this Form 4?

William H. Martel reported share dispositions tied to tax withholding, not open-market sales. A total of 294 CAMDEN NATIONAL CORP common shares were withheld to cover minimum tax obligations when restricted shares vested on April 29 and April 30, 2026.

How many CAMDEN NATIONAL CORP (CAC) shares were withheld for Martel’s tax obligations?

A total of 294 CAMDEN NATIONAL CORP common shares were withheld for Martel’s tax obligations. This consisted of 158 shares on April 29, 2026 at $47.97 per share and 136 shares on April 30, 2026 at $48.17 per share.

Were Martel’s CAC transactions open-market sales or tax withholdings?

Martel’s transactions were tax-withholding dispositions, not open-market sales. The Form 4 describes them as payments of tax liability by delivering securities when restricted shares vested, meaning the shares were withheld by the company to satisfy minimum tax obligations.

How many CAMDEN NATIONAL CORP shares does Martel hold after these Form 4 transactions?

After these transactions, Martel directly holds 21,904 CAMDEN NATIONAL CORP common shares. This total includes 7,384 restricted stock units and restricted shares that are still subject to vesting and potential forfeiture, indicating ongoing equity-based compensation exposure.

What do the restricted stock units and restricted shares noted in Martel’s CAC filing represent?

The 7,384 restricted stock units and restricted shares represent equity awards that have been granted but are still subject to vesting and forfeiture restrictions. They typically convert into fully vested shares over time if service or performance conditions set by CAMDEN NATIONAL CORP are met.