Form 4: Independent Bank Corp Executive Natale Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Patricia M. Natale, General Counsel of Independent Bank Corp, disposed of shares to satisfy tax withholding obligations.
Summary
- Patricia M. Natale, General Counsel of Independent Bank Corp, reported changes in beneficial ownership of the company's stock.
- The transactions involved the disposition of common stock to Independent Bank Corp to satisfy tax withholding obligations.
- These transactions occurred on February 16, 2025, February 17, 2025, and February 18, 2025.
- The prices at which the shares were disposed of were $69.0925 and $69.3375.
- Following these transactions, Natale directly owns 6,266 shares of Independent Bank Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine filing related to insider transactions, specifically the disposition of shares to cover tax obligations, which is a common practice among corporate executives.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Disposition of 89 shares of common stock at $69.0925 to satisfy tax withholding. |
| 02/17/2025 | Disposition of 45 shares of common stock at $69.0925 to satisfy tax withholding. |
| 02/18/2025 | Disposition of 48 shares of common stock at $69.3375 to satisfy tax withholding. |
| 02/19/2025 | Date of signature by Maureen A. Gaffney, Power of Attorney for Patricia M. Natale. |
Keywords
Form 4, Beneficial Ownership, Independent Bank Corp, INDB, Patricia M. Natale, Tax Withholding, General Counsel, Stock Disposition
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