Form 4: Independent Bank Corp Executive Reports Stock Disposal
SEC Form 4 Filing
Kristopher Kreter, First Vice President & Controller of Independent Bank Corp, reports disposing of 84 shares of common stock at $35.60 on January 25, 2025, and holds 2,671 shares directly and 102.24 shares indirectly through an ESOP.
Summary
- Kristopher Kreter, the First Vice President & Controller of Independent Bank Corp, filed a Form 4.
- The form reports a transaction that occurred on January 25, 2025.
- Mr. Kreter disposed of 84 shares of common stock at a price of $35.60 per share.
- Following the transaction, Mr. Kreter directly owns 2,671 shares of common stock.
- He also indirectly owns 102.24 shares through an ESOP.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider transaction. The size of the transaction is relatively small.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in sentiment or alignment of interests.
Stakeholder Impact
- The transaction may have a minor impact on shareholder sentiment, depending on how it's perceived.
Key Dates
| Date | Description |
|---|---|
| 01/25/2025 | Date of stock disposal transaction |
| 01/28/2025 | Date of signature on the report |
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