Form 4: Independent Bank Corp Director Sells Shares to Cover Tax Obligations

Gerard F. Nadeau, a director and President of Independent Bank Corp, disposed of 97 shares of common stock to satisfy a tax withholding obligation.

Summary

• On February 27, 2025, Gerard F. Nadeau, a Director and President of Independent Bank Corp, disposed of 97 shares of common stock.
• The shares were sold to Independent Bank Corp at a price of $68.32 per share to satisfy a tax withholding obligation.
• Following the transaction, Nadeau directly owns 34,744 shares of Independent Bank Corp common stock.
• Nadeau also indirectly owns 259.783 shares through his daughter and 262.0728 shares through his son.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any significant positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.

Key Dates