Form 4: Director John J. Morrissey Reports Stock Award and Dividend Reinvestment in Independent Bank Corp.

John J. Morrissey, a director of Independent Bank Corp., reports the acquisition of restricted stock and shares through dividend reinvestment.

Summary

• Director John J. Morrissey reported changes in beneficial ownership of Independent Bank Corp. stock.
• On May 20, 2025, Morrissey acquired 938 shares of common stock as a restricted stock award under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan.
• These shares vested immediately on the grant date.
• Morrissey also reported holding 555.0761 shares acquired through participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing on May 22, 2024.
• Following these transactions, Morrissey beneficially owns 14,358.4556 shares of Independent Bank Corp. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports stock transactions by a director, which is a routine activity. There is no indication of positive or negative sentiment towards the company's performance.

Positives

• The acquisition of shares through the dividend reinvestment plan demonstrates Morrissey's continued investment in the company.
• The restricted stock award aligns Morrissey's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for directors of publicly traded companies.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates

Keywords

Form 4, beneficial ownership, Independent Bank Corp, INDB, director, Morrissey, restricted stock, dividend reinvestment