Ackley David 4

What Happened

• David Ackley, Executive Vice President of Camden National Corp (CAC), acquired 758 shares on March 5, 2026 under the company's Management Stock Purchase Plan. The reported purchase price was $34.58 per share, for a total value of $26,212. This was an acquisition (award/purchase), not a sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the reporting deadline).
• Price: $34.58 per share; Total value: $26,212.
• Transaction type: Acquisition under the Third Amended and Restated Management Stock Purchase Plan (MSPP).
• Vesting/forfeiture: Shares will cliff-vest two years after issuance (per footnote).
• Discount: Shares were purchased at a 25% discount to the company's March 5, 2026 closing price (per footnote).
• Post-transaction holdings: The filing does not list a detailed total of shares owned after this purchase; it notes 6,163 restricted stock units and restricted shares that remain subject to vesting/forfeiture.

Context

• This was an employee plan purchase/award under the MSPP (code A). Purchases or awards by officers are typically more informative than sales because they increase the insider's direct stake, but filings only report the mechanics and timing—not motivation. The shares are subject to a two-year cliff vest, so they are not immediately liquid.