Form 4: Director Donna L. Abelli Reports Stock Award and Dividend Reinvestment in Independent Bank Corp.

Donna L. Abelli, a director of Independent Bank Corp., reports the acquisition of restricted stock and shares through dividend reinvestment.

Summary

• On May 20, 2025, Donna L. Abelli, a director of Independent Bank Corp. (INDB), acquired 938 shares of common stock as a restricted stock award under the company's 2018 Non-Employee Director Stock Plan.
• The shares vested immediately upon grant and the transaction was exempt under Rule 16b-3(d).
• Abelli also reported holding 92.7683 shares acquired through participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing on February 12, 2025.
• These dividend reinvestment transactions are exempt from Section 16 reporting requirements.
• Following these transactions, Abelli beneficially owns 13,547.0445 shares of Independent Bank Corp. common stock.

Sentiment

Score: 6

Explanation: The document reflects standard transactions related to director compensation and dividend reinvestment, indicating a neutral sentiment.

Positives

• The acquisition of restricted stock indicates confidence in the company's future by a director.
• Participation in the dividend reinvestment plan demonstrates a long-term investment perspective.

Industry Context

Directors commonly receive stock awards as part of their compensation, aligning their interests with shareholders. Dividend reinvestment plans are also a common way for investors to increase their holdings.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders.
• Dividend reinvestment demonstrates confidence in the company's future.

Key Dates

Keywords

Independent Bank Corp, Director, Stock Award, Dividend Reinvestment, Form 4, INDB, Beneficial Ownership