Camden National Corp (CAC) EVP granted 1,015 restricted stock units

Rhea-AI Filing Summary

Smith Ryan A reported acquisition or exercise transactions in this Form 4 filing.

Camden National Corp EVP Ryan A. Smith received a grant of 1,015 restricted stock units of common stock at no cash cost. The units were awarded under the issuer's 2023-2025 Long-Term Performance Share Plan and are scheduled to vest on April 25, 2026, subject to continued employment.

Each restricted stock unit represents the right to receive one share of common stock upon vesting. After this award, Smith directly holds 23,413 shares of common stock, including 7,852 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Ryan A

Role EVP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,015	$0.00	--

Holdings After Transaction: Common Stock — 23,413 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 7,852 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Key Figures

RSU grant size: 1,015 restricted stock units Post-transaction holdings: 23,413 shares Unvested equity: 7,852 units/shares +2 more

5 metrics

RSU grant size 1,015 restricted stock units Grant of common stock units to EVP Ryan A. Smith

Post-transaction holdings 23,413 shares Total direct common stock holdings after grant

Unvested equity 7,852 units/shares Restricted stock units and restricted shares subject to vesting and forfeiture

Vesting date April 25, 2026 Scheduled vesting date for 1,015 restricted stock units

Grant price $0.0000 per share Equity award, no cash paid by EVP

Key Terms

restricted stock units, 2023-2025 Long-Term Performance Share Plan, vesting, forfeiture restrictions

4 terms

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

"grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan"

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 7,852 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 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^*

Smith Ryan A

(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)
03/27/2026

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	03/27/2026		A		1,015(1)	A	$0	23,413(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. 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 7,852 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.

Remarks:

	Christopher G. Hutchinson, POA	03/31/2026
	** 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 insider transaction did Camden National (CAC) EVP Ryan A. Smith report?

Ryan A. Smith reported receiving 1,015 restricted stock units of Camden National common stock as a grant. The units were awarded at no cash price under the 2023-2025 Long-Term Performance Share Plan, representing equity-based compensation rather than an open-market share purchase.

When will the 1,015 restricted stock units granted to CAC EVP Ryan Smith vest?

The 1,015 restricted stock units granted to Ryan Smith are scheduled to vest on April 25, 2026. Vesting is conditional on his continued employment through that date, meaning he must remain with Camden National Corp until then to receive the underlying common shares.

How many Camden National (CAC) shares does EVP Ryan Smith hold after this Form 4 transaction?

Following the reported grant, Ryan Smith directly holds 23,413 shares of Camden National common stock. This total includes 7,852 restricted stock units and restricted shares that are still subject to vesting and forfeiture conditions, reflecting both fully vested and unvested equity awards.

Is the 1,015-share Form 4 transaction for Camden National (CAC) an open-market purchase?

No, the 1,015-share transaction is classified as a grant or award acquisition, not an open-market purchase. The shares are represented by restricted stock units granted at a price of zero, tied to the company’s long-term performance plan and future vesting conditions.

What does each restricted stock unit mean in Camden National (CAC) EVP Ryan Smith’s award?

Each restricted stock unit in Ryan Smith’s award represents the right to receive one share of Camden National common stock at vesting. The units have no cash exercise price and convert into shares automatically if vesting conditions, including continued employment, are satisfied by the April 25, 2026 date.