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Camden National (CAC) EVP receives 725 RSUs in long-term share grant

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Form Type
4

Rhea-AI Filing Summary

CAMDEN NATIONAL CORP EVP David Ackley received an equity award of 725 restricted stock units of common stock. The award was granted under the company’s 2023-2025 Long-Term Performance Share Plan and is scheduled to vest on April 25, 2026, if he remains employed through that date.

Each restricted stock unit converts into one share of common stock at vesting. After this grant, Ackley directly owns a total of 12,846.958 shares of common stock, including 6,150 restricted stock units and restricted shares that remain subject to vesting and forfeiture conditions.

Positive

  • None.

Negative

  • None.
Insider Ackley David
Role EVP
Type Security Shares Price Value
Grant/Award Common Stock 725 $0.00 --
Holdings After Transaction: Common Stock — 12,846.958 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 6,150 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Restricted stock units granted 725 units Equity award under 2023-2025 Long-Term Performance Share Plan
Vesting date April 25, 2026 Scheduled vesting date, subject to continued employment
Total shares after transaction 12,846.958 shares Direct holdings after RSU grant
Restricted and unvested awards 6,150 units/shares Restricted stock units and restricted shares subject to vesting/forfeiture
Plan period 2023–2025 Long-Term Performance Share Plan covering the RSU grant
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
"Represents a grant of restricted stock units under the issuer's 2023-2025 Long-Term Performance Share Plan"
vest financial
"that is scheduled to vest on April 25, 2026, subject to continued employment"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
forfeiture restrictions financial
"Includes 6,150 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions"
common stock financial
"Each restricted stock unit represents the right to receive one share of common stock at vesting"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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*
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)
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 Stock03/27/2026A725(1)A$012,846.958(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 6,150 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions.
Remarks:
Christopher G. Hutchinson, POA03/30/2026
** 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 CORP EVP David Ackley report in this Form 4 for CAC?

David Ackley reported receiving 725 restricted stock units of CAMDEN NATIONAL CORP common stock. These units were granted as equity compensation and will convert into shares if they vest, reflecting a routine long-term incentive award rather than an open-market stock purchase or sale.

How many CAMDEN NATIONAL CORP shares does David Ackley hold after this grant?

After the grant, David Ackley holds 12,846.958 shares of CAMDEN NATIONAL CORP common stock directly. This total includes both fully vested shares and 6,150 restricted stock units and restricted shares that are still subject to vesting and forfeiture conditions under company plans.

When do the new restricted stock units for CAC EVP David Ackley vest?

The 725 restricted stock units are scheduled to vest on April 25, 2026. Vesting is conditioned on David Ackley’s continued employment with CAMDEN NATIONAL CORP through that date, at which time each unit will convert into one share of common stock if conditions are satisfied.

What does each restricted stock unit granted to CAMDEN NATIONAL CORP EVP represent?

Each restricted stock unit represents the right to receive one share of CAMDEN NATIONAL CORP common stock at vesting. The units carry no purchase price and are part of long-term incentive compensation, aligning the executive’s interests with company performance over the plan period.

Are David Ackley’s CAMDEN NATIONAL CORP holdings mainly time-based awards or fully owned shares?

David Ackley’s reported holdings include both fully owned shares and time-based awards. Within his 12,846.958 total shares, 6,150 are restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions under CAMDEN NATIONAL CORP’s compensation plans.