Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corporation (CAC), was granted 1,922 restricted stock awards on 2026-04-28 at a reported grant price of $50.67 per share, for a total grant value of approximately $97,388. The filing is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-04-28; 1,922 shares at $50.67 each.
• Total value: ≈ $97,388.
• Vesting: These are restricted stock awards that vest pro‑rata over the next three years, subject to continued employment (Footnote F1). Each award converts to one share at vesting.
• Beneficial ownership after transaction: filing notes inclusion of 9,725 restricted stock units/shares subject to vesting/forfeiture (Footnote F2).
• Filing timeliness: Reported on Form 4 filed 2026-04-30 for a 2026-04-28 grant — filed within the typical two‑business‑day window (timely).

Context

• This was a company grant of restricted stock (compensation), not a market buy or sale; such awards are part of executive pay and do not in themselves signal an open‑market investment decision. The awards will convert to common shares only as they vest and any forfeiture/vesting conditions lapse.