Ackley David 4

What Happened

• David Ackley, Executive Vice President of Camden National Corp (CAC), had 43 shares withheld on March 9, 2026 to satisfy minimum tax withholding related to restricted stock units that vested. The withheld shares were valued at $45.83 each, totaling $1,971. This is a tax-withholding disposal (code F), not an open-market sale.

Key Details

• Transaction date and price: March 9, 2026; 43 shares @ $45.83 (total $1,971)
• Transaction type: Tax withholding/payment of tax liability on vested RSUs (Form 4 code F)
• Shares owned after transaction: Not specified in the filing; filing notes include 5,807 restricted stock units and restricted shares that remain subject to vesting and forfeiture
• Filing date and timeliness: Form 4 filed March 11, 2026 (appears timely)
• Footnote: Shares were withheld to satisfy the minimum tax withholding obligation on RSUs that vested that day

Context

• This was a routine tax-withholding action tied to RSU vesting (essentially retaining shares to cover taxes), not a discretionary sale that signals investment intent. The dollar amount is small ($1.97k), and the filing simply documents the withholding required upon vesting.