Independent Bank EVP corrects tax share entry
Independent Bank Corp. Executive Vice President Stefanie M. Kimball filed an amended insider report to correct tax-related share withholding figures.
Accepted by SEC EDGAR
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Form Type
4/A
Rhea-AI Filing Summary
Independent Bank Corp. Executive Vice President Stefanie M. Kimball filed an amended insider report to correct tax-related share withholding figures. On April 6, 2026, 1,672 shares of common stock were withheld at $33.78 per share to cover tax obligations, a non-market transaction. After this adjustment, Kimball directly holds 65,727 common shares of Independent Bank Corp.
Insider Trade Summary
Exercise Price or Tax Liability: 1,672 shares
Exercise Price or Tax Liability
1 txn
Insider
Kimball Stefanie M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,672 | $33.78 | $56K |
Holdings After Transaction:
Common Stock — 65,727 shares (Direct)
Holdings Before and After:
Common Stock, 67,399 to 65,727 shares (Direct)
Footnotes (1)
- F1. The Form 4 filed by the reporting person on April 7, 2026 inadvertently reported an incorrect number of shares of common stock withheld to cover tax obligations of the reporting person. This amendment is being filed to reflect the correct number of shares withheld.
Key Figures
Tax-withheld shares: 1,672 shares
Tax valuation price: $33.78 per share
Shares after transaction: 65,727 shares
+2 more
5 metrics
Tax-withheld shares
1,672 shares
Common stock withheld for taxes on April 6, 2026
Tax valuation price
$33.78 per share
Value used for 1,672 withheld shares
Shares after transaction
65,727 shares
Direct common stock holdings after tax withholding
Tax-withholding transactions
1 transaction
TaxWithholdingCount in transaction summary
Tax-withheld share total
1,672 shares
TaxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, Form 4, Executive Vice President, common stock
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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.
Form 4 regulatory
"The Form 4 filed by the reporting person on April 7, 2026 inadvertently reported an incorrect number"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Executive Vice President financial
""officer_title": "Executive Vice President""
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
"an incorrect number of shares of common stock withheld to cover tax obligations"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Independent Bank (IBCP) executive Stefanie Kimball report in this Form 4/A amendment?
Stefanie M. Kimball corrected a prior insider report to show that 1,672 shares of Independent Bank common stock were withheld on April 6, 2026 to cover tax obligations at $33.78 per share, a non-market tax-withholding disposition rather than an open-market sale.
Does this Independent Bank (IBCP) Form 4/A indicate an open-market sale by the executive?
No, the Form 4/A describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover Stefanie M. Kimball’s tax obligations tied to her compensation, which is a routine administrative transaction rather than a discretionary sale into the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
