Form 4: Independent Bank Corp Director Nadeau Reports Stock Disposal
SEC Form 4 Filing
Gerard F. Nadeau, a director and President of Independent Bank Corp, reported disposing of 97 shares of common stock on February 27, 2024.
Summary
- On February 27, 2024, Gerard F. Nadeau, a Director and President of Independent Bank Corp, disposed of 97 shares of common stock at a price of $52.195 per share.
- Following the transaction, Nadeau directly owns 30,641 shares of Independent Bank Corp.
- Nadeau also indirectly owns 248.823 shares through his daughter and 251.0162 shares through his son.
- The filing clarifies that the reporting of shares held for his children does not constitute an admission of beneficial ownership under Section 16 of the Securities and Exchange Act.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock disposal transaction |
| 02/29/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.