Form 4: Independent Bank Corp Executive Maureen A. Gaffney Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Maureen A. Gaffney, Principal Accounting Officer of Independent Bank Corp, reported disposing of shares to cover tax withholding obligations.
Summary
- On February 16, 2025, Maureen A. Gaffney disposed of 72 shares of Independent Bank Corp common stock at a price of $69.0925 to satisfy a tax withholding obligation.
- Following this transaction, Ms. Gaffney directly owns 4,981 shares of Independent Bank Corp common stock.
- On February 17, 2025, Maureen A. Gaffney disposed of 32 shares of Independent Bank Corp common stock at a price of $69.0925 to satisfy a tax withholding obligation.
- Following this transaction, Ms. Gaffney directly owns 4,949 shares of Independent Bank Corp common stock.
- On February 18, 2025, Maureen A. Gaffney disposed of 35 shares of Independent Bank Corp common stock at a price of $69.3375 to satisfy a tax withholding obligation.
- Following this transaction, Ms. Gaffney directly owns 4,914 shares of Independent Bank Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and is a normal part of corporate governance and regulatory compliance.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and involve a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Disposition of 72 shares of common stock at $69.0925. |
| 02/17/2025 | Disposition of 32 shares of common stock at $69.0925. |
| 02/18/2025 | Disposition of 35 shares of common stock at $69.3375. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
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