Forbes Andrew 4

What Happened

• Andrew Forbes, Executive Vice President of Camden National Corporation (CAC), acquired 733 shares on March 5, 2026 at $34.58 per share for a total of $25,347. The transaction is reported as an award/grant/acquisition (code A) and reflects participation in the company's employee stock purchase arrangement.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the two-business-day window).
• Price per share: $34.58; Total value: $25,347.
• How acquired: Purchased under the Third Amended and Restated Management Stock Purchase Plan (MSPP) at a one‑fourth (25%) discount to the March 5, 2026 closing price.
• Vesting/transfer restrictions: These shares will cliff‑vest two years after issuance.
• Holdings note: Filing indicates holdings include 4,301 restricted stock units/restricted shares that remain subject to vesting and forfeiture restrictions (footnote).
• Transaction code: A = Grant/award/other acquisition. No sale or disposition reported.

Context

• This was a discounted employee purchase (not an immediate open‑market buy) and the shares are subject to a two‑year cliff vest, so they are not immediately tradable. Such purchases are common under employee plans and are a routine way for executives to increase ownership; they are factual disclosures and do not by themselves indicate a change in personal view of the company.