Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corporation (CAC), had 49 shares withheld on March 6, 2026 to satisfy tax withholding tied to vested Management Stock Purchase Plan (MSPP) shares. The withholding used a price of $45.92 per share, a total value of approximately $2,250. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: March 6, 2026
• Price per share: $45.92; shares withheld: 49; value ≈ $2,250
• Transaction code: F (shares withheld to satisfy tax withholding)
• Footnote: Withholding consisted of shares retained to satisfy minimum tax withholding on MSPP shares that vested on March 7, 2026, using the March 6, 2026 price.
• Footnote: Reported holdings include 8,666 restricted stock units/restricted shares subject to vesting and forfeiture.
• Filing timeliness: Report filed March 10, 2026 (timely under Form 4 rules).

Context

• This was a routine tax-withholding transaction related to vesting, not an open-market sale or a directional purchase. Such withholdings are common when equity awards vest and do not necessarily signal insider confidence or concern about the company’s stock.