Form 4: Independent Bank Corp Executive James T. Rizzo Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
James T. Rizzo, Chief Commercial Banking Officer of Independent Bank Corp, disposed of 48 shares of common stock on February 27, 2025, to satisfy a tax withholding obligation.
Summary
- On February 27, 2025, James T. Rizzo, Chief Commercial Banking Officer of Independent Bank Corp, disposed of 48 shares of common stock.
- The transaction was executed to satisfy a tax withholding obligation.
- The shares were disposed of at a price of $68.32 per share.
- Following the transaction, Rizzo directly owns 12,718 shares of Independent Bank Corp.
- The transaction was reported on March 3, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of stock disposal transaction. |
| 03/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Disposal, Tax Withholding, INDB, Independent Bank Corp, James T. Rizzo
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