Camden National (CAC) EVP Brandon Boey Receives Stock Awards

What Happened

• Brandon Y. Boey, Executive Vice President of Camden National Corp (CAC), was granted a total of 1,712 restricted stock awards/units on August 14, 2026. The awards were reported as three grants: 632 shares @ $0.00, 834 shares @ $0.00, and 246 shares @ $0.00 (total value at grant $0 since these are equity awards, not purchases).
• These grants are coded as "A" (award/grant) and represent restricted stock awards and restricted stock units (RSUs) that will convert to common shares at vesting, subject to forfeiture if vesting conditions are not met.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (timely under the 2-business-day rule).
• Grants: 632 shares @ $0.00 (F1), 834 RSUs @ $0.00 (F2), 246 shares @ $0.00 (F1) — total 1,712 awards.
• Shares/units owned after transaction: filing notes "Includes 3,785 restricted stock units and restricted shares that are subject to vesting and forfeiture restrictions" (F3).
• Notable footnotes:
  • F1: Restricted stock awards under the 2022 Equity and Incentive Plan; vest pro‑rata over service periods.
  • F2: Restricted stock units under the same plan; scheduled to vest pro‑rata over the next three years.
  • F3: Indicates 3,785 restricted stock units/shares subject to vesting/forfeiture (includes holdings subject to these rules).
• Transaction type: Award/Grant (A). No cash exchanged; not an open-market buy or sale.

Context

• These are time- and service-based equity awards (restricted shares/RSUs). They do not represent an immediate purchase or sale and typically only convert to free-trading shares if/when vesting conditions are met.
• Because this is a grant (not a sale), it should be viewed as compensation rather than a direct signal of the insider buying or selling stock.