Form 4: Independent Bank Corp Executive Vice President Larry Daniel Jr. Reports Stock Transactions

Executive Vice President Larry Daniel Jr. of Independent Bank Corp reports acquisition and disposal of common stock and performance rights.

Summary

• On February 19, 2025, Larry Daniel Jr., an Executive Vice President at Independent Bank Corp, reported transactions involving the company's common stock and performance rights.
• Daniel acquired 3,611 shares of common stock and disposed of 1,150 shares to cover tax obligations at a price of $34.76 per share.
• Following these transactions, Daniel directly owns 24,230.46 shares of common stock and indirectly owns 3,370.38 shares through an ESOP.
• Additionally, Daniel disposed of 2,023 performance rights, which are contingent rights to receive up to two shares of Issuer Common Stock each, based on total shareholder return relative to a peer group index.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

Keywords

Form 4, Independent Bank Corp, IBCP, Larry Daniel Jr., Executive Vice President, Stock Transactions, Performance Rights, Beneficial Ownership, ESOP