Form 4: Independent Bank Corp. CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark J. Ruggiero, CFO & EVP Consumer Lending of Independent Bank Corp., disposed of shares to satisfy a tax withholding obligation.
Summary
- On February 27, 2025, Mark J. Ruggiero, CFO & EVP Consumer Lending of Independent Bank Corp (INDB), disposed of 40 shares of common stock.
- The transaction was executed at a price of $68.32 per share.
- The disposition was to satisfy a tax withholding obligation.
- Following the transaction, Ruggiero beneficially owns 21,496.0565 shares of Independent Bank Corp.
- The transaction was reported on March 3, 2025.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (tax-related share disposition) with no apparent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related share disposition, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Mark J. Ruggiero disposed of shares. |
| 03/03/2025 | Date of report filing. |
Keywords
Form 4, Insider Trading, Tax Withholding, INDB, Independent Bank Corp, Ruggiero Mark J, CFO, EVP Consumer Lending, Share Disposition
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