Forbes Andrew 4

What Happened

Andrew Forbes, Executive Vice President of Camden National Corp (CAC), was granted 1,036 restricted stock awards on April 28, 2026. The award is recorded at a grant price/value of $50.67 per share, totaling $52,494. This was an equity award (grant), not a market purchase — a compensation/retention action rather than an open-market buy or sale.

Key Details

• Transaction type: Award/Grant (code A) — 1,036 restricted shares granted on 2026-04-28 at $50.67 each (total value $52,494).
• Filing: Form 4 filed 2026-04-30 reporting the April 28, 2026 transaction (appears timely).
• Ownership after transaction: Not fully specified in the excerpt; footnote indicates inclusion of restricted holdings (see below).
• Footnotes:
  • F1: Awards are restricted stock that vest pro‑rata over the next three years, contingent on continued employment. Each award converts to one share at vesting.
  • F2: Includes 4,815 restricted stock units and restricted shares that remain subject to vesting and forfeiture restrictions.

Context

Restricted stock awards are a form of compensation that typically vest over time and are intended for retention; they do not by themselves signal an insider buying or selling in the open market. The grant will become company stock as the awards vest (subject to forfeiture if employment ends before vesting).