Form 4: Independent Bank Corp Director Michael M. Magee Jr. Reports Stock Sales
SEC Form 4 Filing
Director Michael M. Magee Jr. of Independent Bank Corp reported the sale of common stock on April 29, 2025.
Summary
- On April 29, 2025, Michael M. Magee Jr., a director of Independent Bank Corp, reported the sale of company common stock.
- He sold 39 shares at $31.02, 246 shares at $31.01, and 6,119 shares at $31 per share.
- Following these transactions, Magee directly owns 8,381 shares and indirectly owns 13,227 shares through an IRA.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock sales by a company director, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, although the volume is relatively small.
Key Dates
| Date | Description |
|---|---|
| 04/29/2025 | Date of stock sale transactions |
Keywords
Form 4, Insider Trading, Stock Sale, IBCP, Independent Bank Corp, Michael M. Magee Jr., Director
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