Form 4: Independent Bank Corp CEO William Kessel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William Kessel, President & CEO of Independent Bank Corp, reports a transaction involving common stock, resulting in an adjusted beneficial ownership.
Summary
- On January 25, 2025, William Kessel, the President & CEO of Independent Bank Corp (IBCP), reported a change in beneficial ownership of the company's common stock.
- The transaction involved the disposition of 2,352 shares of common stock at a price of $35.60.
- Following the transaction, Kessel directly owns 139,613 shares of common stock and indirectly owns 8,294.18 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in Kessel's holdings of Independent Bank Corp stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's decision to adjust their holdings.
Key Dates
| Date | Description |
|---|---|
| 01/25/2025 | Date of transaction involving common stock. |
| 01/28/2025 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.