Martel William H 4

What Happened

• William H. Martel, Executive Vice President of Camden National Corporation (CAC), acquired 961 shares on March 5, 2026 under the company's Management Stock Purchase Plan (MSPP). The filing lists the acquisition at $34.58 per share for a total reported value of $33,231. This was an acquisition (grant/purchase) rather than a sale.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (timely filing).
• Price: $34.58 per share; Total value: $33,231.
• Vesting/restrictions: Shares were purchased at a one-fourth (25%) discount to the March 5, 2026 closing price and will cliff-vest two years after issuance (Footnote F1).
• Holdings note: Filing indicates the insider’s holdings include 8,277 restricted shares subject to vesting/forfeiture (Footnote F2).
• Shares owned after the reported transaction are not specified in the provided excerpt.

Context

• This was a discounted purchase under the company’s MSPP producing restricted stock that vests after two years; such purchases show the insider added to their stake but the shares cannot be sold until vesting conditions are met. The filing was made within the required window.