Form 4: Independent Bank Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Maureen A. Gaffney, Principal Accounting Officer of Independent Bank Corp, disposed of shares to cover tax withholding obligations on February 22, 2025.
Summary
- On February 22, 2025, Maureen A. Gaffney, the Principal Accounting Officer of Independent Bank Corp (INDB), disposed of 108 shares of common stock.
- The transaction was executed to satisfy a tax withholding obligation.
- The shares were disposed of at a price of $69.135 per share.
- Following the transaction, Gaffney directly owns 6,306 shares of Independent Bank Corp.
- The transaction was reported on February 24, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of transaction: Maureen A. Gaffney disposed of shares to satisfy tax withholding. |
| 02/24/2025 | Date of report filing. |
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