4/A: Independent Bank Corp. Executive Adjusts Ownership Filing
Statement of Changes in Beneficial Ownership
Independent Bank Corp. (IBCP) executive Gavin A. Mohr has filed an amendment to a prior Form 4, correcting the number of shares withheld for tax obligations.
Summary
- Gavin A. Mohr, an Executive Vice President at Independent Bank Corp. (IBCP), filed an amendment to a Form 4 filing.
- The amendment corrects an inadvertent error in the previous filing dated April 7, 2026.
- The error pertained to the number of common stock shares withheld to cover tax obligations for the reporting person.
- The corrected transaction date is April 6, 2026, with 1,659 shares withheld at a price of $33.78 per share.
- Following this adjustment, Mr. Mohr beneficially owns 27,396 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it is a routine administrative correction of a previous filing without new financial or strategic information.
Positives
- Correction of an administrative error in a prior filing, ensuring accurate reporting of beneficial ownership.
- The reporting person, Gavin A. Mohr, continues to hold a significant direct beneficial ownership of 27,396 shares of common stock.
Negatives
- An initial error was made in reporting the number of shares withheld for tax purposes, requiring an amendment.
Future Outlook
This filing is an amendment to correct a previous filing and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for corporate insiders and are crucial for transparency in the financial markets. Amendments, like this one, are common to correct administrative errors and ensure the accuracy of ownership data.
Stakeholder Impact
- Shareholders: Increased transparency and accuracy regarding insider ownership levels.
Key Dates
| Date | Description |
|---|---|
| 04/06/2026 | Date of transaction (stock withholding). |
| 04/07/2026 | Date of original Form 4 filing that contained an error. |
| 04/08/2026 | Date of the amended Form 4 filing. |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Stock Withholding, Tax Obligations, Independent Bank Corp., IBCP, Executive Vice President, Insider Trading, Securities Exchange Act
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