Form 4: Independent Bank Corp Executive Exercises Performance Rights, Disposes of Shares
SEC Form 4 Filing
James J. Twarozynski, Senior Vice President of Independent Bank Corp, exercised performance rights and disposed of shares on February 19, 2025.
Summary
- On February 19, 2025, James J. Twarozynski, a Senior Vice President at Independent Bank Corp, engaged in transactions involving the company's common stock.
- Twarozynski exercised performance rights, acquiring 323 shares of common stock.
- He then disposed of 142 shares to cover tax obligations at a price of $34.76 per share.
- Following these transactions, Twarozynski directly owns 8,922 shares of common stock and indirectly owns 3,950.57 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to compensation, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This filing indicates routine transactions related to executive compensation and does not necessarily reflect a change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 01/25/2025 | Date related to the performance right. |
| 02/19/2025 | Date of the transaction involving the exercise of performance rights and disposal of shares. |
| 02/21/2025 | Date of signature for the report. |
Keywords
Form 4, Insider Trading, Stock Options, Performance Rights, Independent Bank Corp, IBCP, Twarozynski, Executive Compensation, Share Disposal
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