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Camden National (CAC) EVP receives 507 restricted stock units as equity award

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

Rhea-AI Filing Summary

Camden National Corp EVP Andrew Forbes received an equity award of 507 restricted stock units (RSUs) that will convert into the same number of common shares when they vest. The award was granted at no cash cost and is scheduled to vest on April 25, 2026, subject to continued employment.

After this grant, Forbes holds a total of 5,401 shares of Camden National common stock directly, including 4,761 RSUs and restricted shares that remain subject to vesting and forfeiture conditions. This filing reflects routine compensation rather than an open‑market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Forbes Andrew
Role EVP
Type Security Shares Price Value
Grant/Award Common Stock 507 $0.00 --
Holdings After Transaction: Common Stock — 5,401 shares (Direct)
Footnotes (1)
  1. Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting. Includes 4,761 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
RSU grant size 507 units Restricted stock units granted to EVP Andrew Forbes
Post-transaction holdings 5,401 shares Total Camden National common shares held directly after grant
Unvested equity 4,761 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture
Grant price $0.0000 per share Equity award granted at no cash cost to Forbes
Vesting date April 25, 2026 Scheduled vesting date for the 507 RSUs, subject to employment
restricted stock units financial
"Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share 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.
2023-2025 Long-Term Performance Share Plan financial
"under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest"
vesting financial
"scheduled to vest on April 25, 2026, subject to continued employment through the vesting date"
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.
forfeiture restrictions financial
"Includes 4,761 restricted stock units and restricted shares that are 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*
Forbes Andrew
(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)
03/27/2026		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 Stock03/27/2026A507(1)A$05,401(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan that is scheduled to vest on April 25, 2026, subject to continued employment through the vesting date. Each restricted stock unit represents the right to receive one share of common stock at vesting.
2. Includes 4,761 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA03/31/2026
** 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 did Camden National (CAC) EVP Andrew Forbes report in this Form 4?

Andrew Forbes reported receiving 507 restricted stock units as equity compensation. These RSUs will convert into Camden National common stock upon vesting and were granted at no cash cost, reflecting a routine long-term incentive award rather than a market purchase or sale.

How many Camden National (CAC) shares does Andrew Forbes hold after this transaction?

After the award, Andrew Forbes directly holds 5,401 shares of Camden National common stock. This total includes 4,761 restricted stock units and restricted shares that are still subject to vesting and forfeiture conditions, highlighting that a large portion of his position remains unvested.

What are the vesting terms of Andrew Forbes’s new Camden National (CAC) RSU grant?

The 507 restricted stock units are scheduled to vest on April 25, 2026. Vesting is conditioned on Forbes’s continued employment through that date, and each RSU will deliver one share of Camden National common stock at vesting under the company’s 2023–2025 Long-Term Performance Share Plan.

Is Andrew Forbes buying or selling Camden National (CAC) stock in this filing?

The filing does not show a market buy or sell; it reports an equity grant. Andrew Forbes received 507 restricted stock units as a compensation award, with no purchase price, so this reflects compensation structure rather than an active trading decision in Camden National stock.

What plan governs Andrew Forbes’s Camden National (CAC) RSU grant?

The 507 restricted stock units were granted under Camden National’s 2023–2025 Long-Term Performance Share Plan. This plan provides equity-based awards that typically vest over time, aligning executive compensation with long-term company performance through shares of common stock delivered at vesting.