Form 4: Independent Bank Corp Director, Susan Perry O'Day, Reports Stock Award and Ownership Changes

Director Susan Perry O'Day reports receiving restricted stock and changes in indirect ownership of Independent Bank Corp shares.

Summary

• Susan Perry O'Day, a director of Independent Bank Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On May 20, 2025, she acquired 938 shares of common stock as a restricted stock award under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan, which vested immediately.
• She also reported changes in indirect ownership related to shares held by an estate, with 95 shares transferred directly to her and 95 shares transferred to an immediate family member.
• Additionally, she reported indirect ownership of 100,000 shares held in the name of A.W. Perry, where she serves as a board member.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The receipt of restricted stock by a director aligns their interests with those of shareholders.
• The immediate vesting of the restricted stock suggests confidence in the director's continued service and contribution to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director.
• The award of restricted stock can be seen as a positive sign, aligning the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock, director, Independent Bank Corp, INDB, Susan Perry O'Day