Forbes Andrew 4

What Happened

• Andrew Forbes, Executive Vice President of Camden National Corp (CAC), had a total of 239 shares withheld (disposed) to satisfy tax withholding on equity that vested. The withholding consisted of 90 shares ($4,471) and 149 shares ($7,402), each priced at $49.68, for a combined value of $11,873 based on the April 24, 2026 price. These disposals are coded F (tax withholding).

Key Details

• Transaction date: April 24, 2026; Filing date: April 28, 2026.
• Price used: $49.68 per share for both withholdings.
• Shares withheld: 90 shares ($4,471) and 149 shares ($7,402); total 239 shares (~$11,873).
• Shares owned after transaction: form notes holdings that include 3,779 restricted stock units and restricted shares subject to vesting/forfeiture (per footnote F3).
• Footnotes: F1 = shares withheld to satisfy minimum tax on restricted shares that vested April 25, 2026 (price from April 24); F2 = shares withheld to satisfy minimum tax on RSUs granted under the 2023–2025 Long‑Term Performance Plan that vested April 25, 2026 (price from April 24).
• Transaction code: F (tax withholding). No 10b5-1 plan or late‑filing code indicated in the provided filing.

Context

• This is a routine tax‑withholding event tied to equity vesting (not an open‑market sale or a directional purchase). Such withholdings are standard and don’t necessarily signal insider sentiment about the stock.
• The filing shows the company withheld shares rather than the insider selling shares on the open market (a common cashless method to cover tax obligations).