Form 4: Independent Bank Corp Executive Maria S. Harris Reports Tax Withholding Share Disposals

Maria S. Harris, Chief Human Resources Officer of Independent Bank Corp, reports disposals of common stock to cover tax withholding obligations.

Summary

• Maria S. Harris, Chief Human Resources Officer of Independent Bank Corp, filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions involve the disposal of common stock to Independent Bank Corp to satisfy tax withholding obligations on February 16, 17 and 18, 2025.
• The prices for the disposed shares were $69.0925 on February 16 and 17, and $69.3375 on February 18.
• The number of shares disposed of were 116, 45 and 43 respectively.
• Following these transactions, Harris directly owns 11,599.7014 shares of Independent Bank Corp common stock.
• This total includes 1,015.7014 shares held in the filer's 401(k) account and 81.548 shares acquired through the dividend reinvestment plan since the last Form 4 filing on March 18, 2024.

Sentiment

Score: 5

Explanation: The filing reflects routine transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely monitored by investors to gauge management's sentiment and potential future performance.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Independent Bank Corp, Insider Trading, Tax Withholding, Stock Disposal