Ackley David 4

What Happened
David Ackley, Executive Vice President of Camden National Corp (CAC), had shares withheld to satisfy tax withholding on restricted shares that vested. On April 29, 2026, 131 shares were withheld at $47.97 each (value $6,284). On April 30, 2026, 110 shares were withheld at $48.17 each (value $5,299). In total 241 shares were disposed of for tax withholding, totaling $11,583. These are routine tax-withholding dispositions (transaction code F), not open-market sales initiated for investment reasons.

Key Details

• Transaction dates and prices:
  • 2026-04-29: 131 shares withheld @ $47.97 = $6,284 (F1)
  • 2026-04-30: 110 shares withheld @ $48.17 = $5,299 (F2)
• Total shares withheld/disposed: 241; total value ≈ $11,583.
• Shares owned after transaction: Form footnote (F3) states holdings include 5,402 restricted stock units/restricted shares subject to vesting and forfeiture; the full total share count after the transactions is not provided in the excerpt.
• Footnotes: F1/F2 = shares withheld to satisfy minimum tax withholding on restricted shares vested Apr 29 and Apr 30, 2026. F3 = includes 5,402 RSUs/restricted shares subject to vesting/forfeiture.
• Filing: Report filed 2026-05-01 for transactions on Apr 29–30, 2026; this filing appears timely.

Context
These transactions reflect share withholding to cover tax obligations on vested restricted stock (a common, administrative action). Transaction code F denotes tax withholding rather than a discretionary sale or purchase, so it should not be interpreted as an insider signaling a buy or sell opinion about the company.