Independent Bank EVP disposes 350 IBCP shares
Independent Bank Corp. Executive Vice President Michael Joseph Stodolak reported a small share disposition in company common stock.
Rhea-AI Filing Summary
Independent Bank Corp. Executive Vice President Michael Joseph Stodolak reported a small share disposition in company common stock. On February 6, 2026, he disposed of 350 shares at $36.60 per share, leaving him with 15,095 directly held shares. He also reports an additional 4,990.05 shares held indirectly through an ESOP, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 350 shares
Exercise Price or Tax Liability
2 txns
Insider
Stodolak Michael Joseph
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 350 | $36.60 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,095 shares (Direct);
Common Stock — 4,990.05 shares (Indirect, By ESOP)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IBCP Executive Vice President Michael Stodolak report?
Michael Joseph Stodolak reported disposing of 350 shares of Independent Bank Corp. common stock. The transaction occurred on February 6, 2026, at a price of $36.60 per share, as disclosed in his Form 4 insider trading report.
What does transaction code F mean in the IBCP Form 4 filing?
The Form 4 for Independent Bank Corp. lists transaction code F for the 350-share disposition. Code F is a standard SEC code indicating a specific type of insider transaction, and here it simply categorizes how the 350-share disposition is reported.
How is the ESOP ownership reported in the IBCP Form 4 filing?
The Form 4 shows 4,990.05 shares of Independent Bank Corp. common stock held indirectly by Michael Joseph Stodolak. These shares are reported with an indirect ownership form and identified as held "By ESOP," referring to an employee stock ownership plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.