Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corp (CAC), acquired 1,083 shares on 2026-03-05 at $34.58 per share, a total value of $37,450. The transaction is reported as an acquisition/award under the company’s management stock purchase plan (MSPP).

Key Details

• Transaction date: 2026-03-05; reported filing date: 2026-03-09 (filed 4 days after the transaction).
• Price and value: 1,083 shares at $34.58 per share = $37,450.
• Plan/terms: Shares purchased under the Third Amended and Restated Management Stock Purchase Plan at a 25% discount to the company’s March 5, 2026 closing price; these shares cliff-vest two years after issuance (per footnote F1).
• Holdings notes from the filing: includes 85.067 shares acquired via the company’s dividend reinvestment program (F2) and 9,025 restricted stock units/restricted shares that remain subject to vesting and forfeiture restrictions (F3).
• Shares owned after the transaction: the Form 4 does not state a single summed "owned following" total in the summary; see the filing for full beneficial ownership details.
• Timeliness: Filing was submitted 4 days after the trade, which exceeds the SEC’s usual 2-business-day Form 4 reporting window (this suggests a late filing).

Context

• This was a purchase under an employee plan at a discounted price with a two-year cliff vesting schedule, so the shares are not immediately freely tradable. Purchases like this are generally more informative than sales because they represent an insider acquiring stock, but vesting and plan terms limit immediate liquidity.