Archer Michael R 4

What Happened

• Michael R. Archer, Executive Vice President of Camden National Corp (CAC), had 59 shares withheld on March 10, 2026 and 45 shares withheld on March 11, 2026 to satisfy minimum tax-withholding obligations when restricted stock units (RSUs) vested. The transactions were at $45.84 (59 shares, $2,705) and $45.41 (45 shares, $2,043), totaling about $4,748. These were dispositions for tax withholding (code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-03-10: 59 shares at $45.84 — $2,705 (withheld for taxes)
  • 2026-03-11: 45 shares at $45.41 — $2,043 (withheld for taxes)
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1/F2: Shares were withheld to satisfy minimum tax withholding on RSUs that vested on March 10 and March 11, 2026.
  • F3: Filing notes the insider holds 8,316 restricted stock units/restricted shares that remain subject to vesting and forfeiture restrictions.
• Filing: Report filed with the SEC on March 12, 2026 (transactions dated March 10–11). No indication in the provided data that this filing was late.

Context

• These transactions are routine tax-withholding dispositions related to vesting RSUs (a form of "cashless" settlement) rather than discretionary sales that might signal a change in conviction. Such withholdings are common when equity awards vest and do not necessarily reflect the insider's view on the company's prospects.