Tax-withholding correction for Independent Bank Corp. (IBCP) executive
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Independent Bank Corp. executive Gavin A. Mohr filed an amended insider report to correct a prior tax-withholding entry. The filing shows a tax-withholding disposition of 1,659 shares of common stock at $33.78 per share to cover tax obligations, not an open-market sale. After this correction, Mohr directly holds 27,396 shares of Independent Bank Corp. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mohr Gavin A.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,659 | $33.78 | $56K |
Holdings After Transaction:
Common Stock — 27,396 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,659 shares
Withholding price: $33.78 per share
Shares owned after transaction: 27,396 shares
+1 more
4 metrics
Shares withheld for taxes
1,659 shares
Tax-withholding disposition of common stock
Withholding price
$33.78 per share
Value used for tax-withholding shares
Shares owned after transaction
27,396 shares
Direct common stock holdings after withholding
Tax-withholding share count (summary)
1,659 shares
Reported in transactionSummary as taxWithholdingShares
Key Terms
Form 4/A, tax-withholding disposition, Executive Vice President, Common Stock
4 terms
Form 4/A regulatory
"The Form 4 filed by the reporting person on April 7, 2026 inadvertently reported an incorrect number of shares..."
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the common stock transaction"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Executive Vice President financial
"officer_title: "Executive Vice President" for reporting person Gavin A. Mohr"
An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.
Common Stock financial
"security_title: "Common Stock" for the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What does the latest Form 4/A for IBCP’s Gavin A. Mohr report?
The Form 4/A reports an amended insider transaction for Gavin A. Mohr, Executive Vice President. It corrects the number of shares of Independent Bank Corp. common stock withheld to satisfy his tax obligations related to equity compensation.
Why did Independent Bank’s executive file an amended Form 4/A for IBCP?
The amendment was filed because the original Form 4 inadvertently reported an incorrect number of shares withheld for taxes. The Form 4/A updates the record to show the correct 1,659 shares of common stock used for Mohr’s tax obligations.
Does the IBCP Form 4/A indicate an open-market sale by Gavin A. Mohr?
No, the transaction is described as a tax-withholding disposition. Shares were delivered to cover Gavin A. Mohr’s tax liability, meaning the event relates to equity compensation taxes rather than a discretionary open-market sale of Independent Bank Corp. stock.