Form 4: Independent Bank Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kathryn O'Malley, Chief Credit Officer of Independent Bank Corp, disposed of shares to cover tax withholding obligations on February 27, 2025.
Summary
- Kathryn O'Malley, Chief Credit Officer of Independent Bank Corp, filed a Form 4 on March 3, 2025, reporting a transaction on February 27, 2025.
- O'Malley disposed of 43 shares of common stock at a price of $68.32 per share to satisfy a tax withholding obligation.
- Following the transaction, O'Malley beneficially owns 9,759.2157 shares, including 357.6933 shares held in a 401(k) account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of transaction: Kathryn O'Malley disposed of shares to cover tax obligations. |
| 03/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Insider Trading, Kathryn O'Malley, Independent Bank Corp, INDB, Tax Withholding, Share Disposal
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.