Ackley David 4

What Happened
David Ackley, EVP of Camden National Corp (CAC), had 28 shares withheld on March 6, 2026 to satisfy tax withholding related to Management Stock Purchase Plan (MSPP) shares that vested. The shares were valued at $45.92 each, totaling approximately $1,286. 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 required two business days).
• Price: $45.92 per share; 28 shares; total value ≈ $1,286.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — the 28 shares were withheld to satisfy minimum tax withholding on MSPP shares that vested on March 7, 2026 using the March 6, 2026 price. F2 — Ackley’s reported holdings include 5,957 restricted stock units/restricted shares that remain subject to vesting and forfeiture.
• Transaction type: tax withholding/withholding shares for payroll tax obligations (code F), not a market sale or purchase.

Context
Withholding shares to cover taxes on vested employee plan shares is a routine administrative action and does not necessarily indicate a change in the insider’s view of the company. This was a cashless withholding to meet tax obligations, not an intentional sale or purchase for investment purposes.