Form 4: Independent Bank Corp Director Acquires Shares
SEC Form 4 Filing
William J. Boer, a director of Independent Bank Corp, acquired 366 shares of common stock at $25.35 per share on April 1, 2024.
Summary
- On April 1, 2024, William J. Boer, a director of Independent Bank Corp, purchased 366 shares of common stock at a price of $25.35 per share.
- Following this transaction, Boer directly owns 13,175.899 shares of common stock and indirectly owns 30,974 shares through a trust.
- The direct holdings include 121.23 shares acquired through a dividend reinvestment program during the first quarter.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the transaction is relatively small.
Positives
- Director's purchase may signal confidence in the company's prospects.
Industry Context
Insider transactions are closely watched as indicators of management's view on the company's valuation and future prospects. Purchases are generally seen as a positive sign.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: William J. Boer acquired 366 shares of common stock. |
| 04/02/2024 | Date of signature: Form 4 signed by Darcy J. Benjamin, Attorney-in-Fact. |
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