Forbes Andrew 4

What Happened

• Andrew Forbes, Executive Vice President of Camden National Corp. (CAC), received a grant of 507 restricted stock units (RSUs) reported on a Form 4 covering the 2026-03-27 award. The Form 4 shows an acquisition price of $0.00 (standard for RSU grants); each RSU represents the right to one share of common stock at vesting. Vesting is scheduled for April 25, 2026, contingent on continued employment.

Key Details

• Transaction date: 2026-03-27; Form 4 filed: 2026-03-31.
• Transaction type: Award/Grant (code A); 507 RSUs granted at $0.00 reported acquisition price.
• Vesting: April 25, 2026, subject to continued employment; each RSU converts to one share at vesting (see footnote).
• Shares owned after transaction: filing does not show a full common-share total; it notes inclusion of 4,761 restricted stock units/restricted shares that remain subject to vesting and forfeiture restrictions (footnote F2).
• Footnote F1 clarifies these are RSUs under the issuer’s 2023-2025 Long‑Term Performance Share Plan and will convert to shares at vesting; F2 notes 4,761 restricted units/shares subject to forfeiture.

Context

• This is a compensation grant (not a market purchase or sale) and is common for executive pay. The Form 4 reports the grant (acquisition price $0.00), which does not reflect the market value of the eventual shares. Such awards signal ongoing compensation rather than an immediate bullish or bearish trading decision.