Martel William H 4

What Happened
William H. Martel, Executive Vice President of Camden National Corp (CAC), had 55 shares disposed/withheld on March 6, 2026 to satisfy a tax withholding obligation tied to vested Management Stock Purchase Plan (MSPP) shares. The shares were valued at $45.92 each, for a total of $2,526. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (timely within SEC two-business-day window).
• Price: $45.92 per share; Total value of withheld shares: $2,526.
• Nature of transaction: Tax withholding on MSPP shares that vested (code F); shares were withheld to satisfy minimum tax withholding obligation (Footnote F1).
• Shares owned after transaction: Not specified in the provided data; footnote (F2) notes 7,879 restricted stock units/restricted shares are included in his holdings and remain subject to vesting/forfeiture.
• Filing appears timely; no indication of a 10b5-1 plan or gift.

Context
Withholding shares to cover taxes on vested awards is a routine administrative step and does not necessarily signal a change in the insider’s view of the company. For retail investors, purchases are generally more informative; tax-withholding disposals are common and primarily procedural.