Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corp (CAC), had a total of 398 shares withheld on April 24, 2026 to satisfy tax withholding obligations tied to awards that vested. The withholding consisted of 114 shares at $49.68 ($5,664) and 284 shares at $49.68 ($14,109), for a combined value of approximately $19,773.
• These transactions are disposals for tax withholding purposes (code F) and resulted from restricted shares/RSUs that vested on April 25, 2026.

Key Details

• Transaction date: April 24, 2026; Filing date: April 28, 2026 (no late filing indicated).
• Price per share: $49.68.
• Shares withheld/disposed: 114 shares ($5,664) and 284 shares ($14,109); total 398 shares (~$19,773).
• Footnotes: Withholding covered minimum tax obligations on restricted shares and RSUs (including awards under the 2023–2025 Long-Term Performance Plan) that vested on April 25, 2026. The filing notes 7,803 restricted stock units/restricted shares remain subject to vesting and forfeiture restrictions.
• Transaction code: F (tax withholding).

Context

• This was a routine cashless withholding to satisfy tax liabilities on vested restricted shares/RSUs, not an open-market sale. Such withholding is common and does not necessarily indicate the insider’s view on the company’s prospects.
• For retail investors: purchases and voluntary sales can be more informative about insider sentiment; tax-withholding disposals are administrative.