Martel William H 4

What Happened

• William H. Martel, EVP of Camden National Corporation (CAC), had a total of 438 shares disposed on April 24, 2026 through share-withholdings to satisfy tax obligations. The disposals were 125 shares at $49.68 ($6,210) and 313 shares at $49.68 ($15,550), totaling $21,760.
• These are not open-market sales for cash or purchases — they are routine tax-withholding dispositions tied to awards that vested.

Key Details

• Transaction date and price: April 24, 2026 — shares withheld at $49.68 per share.
• Shares withheld: 125 shares ($6,210) and 313 shares ($15,550); total 438 shares ($21,760).
• Reason/code: F — shares withheld to satisfy tax withholding on vested restricted shares/restricted stock units.
• Vesting date: The related restricted shares/RSUs vested on April 25, 2026 (price used was April 24, 2026) per footnotes.
• Remaining awards: Filing notes 7,099 restricted stock units/restricted shares remain subject to vesting/forfeiture (footnote).
• Filing timeliness: Report filed April 28, 2026 for transactions on April 24, 2026 — filed within the standard two-business-day window (timely).

Context

• These were tax-withholding dispositions (cashless/cashless-withhold treatment), a common administrative step when restricted shares or RSUs vest; such dispositions are routine and do not necessarily indicate insider sentiment about the stock.
• No open-market purchase or discretionary sale was reported in this filing; consider monitoring future Form 4s for any non-routine trading activity.