Raths Barbara 4

What Happened

• Barbara Raths, Executive Vice President of Camden National Corp (CAC), had a total of 54 shares withheld to satisfy tax-withholding obligations when restricted stock units (RSUs) vested. The Form 4 reports 30 shares withheld on 2026-03-10 at $45.84 (reported value $1,375) and 24 shares withheld on 2026-03-11 at $45.41 (reported value $1,090), for combined proceeds of about $2,465. These disposals are tax-withholding actions, not open-market sales.

Key Details

• Transaction dates and prices: 2026-03-10 — 30 shares @ $45.84; 2026-03-11 — 24 shares @ $45.41. Transaction code: F (shares withheld for tax withholding).
• Total shares withheld: 54; total reported proceeds ≈ $2,465.
• Footnotes: F1 and F2 confirm shares were withheld to satisfy minimum tax withholding on RSUs that vested on 3/10 and 3/11, respectively. F3 notes there are 5,538 RSUs/restricted shares still subject to vesting/forfeiture.
• Shares owned after transaction: the filing text provided notes 5,538 restricted units/shares subject to vesting (F3); the excerpt does not state a full beneficial ownership total.
• Timeliness: Form filed 2026-03-12; filings appear timely (within the Form 4 reporting window).

Context

• This was a routine tax-withholding disposition tied to RSU vesting (a common administrative transaction) rather than a discretionary open-market sale—such withholdings generally do not signal insider sentiment. The amounts are small and likely not material to investment decisions.