Independent Bank CEO disposes of 2,935 shares
Independent Bank Corp. President & CEO William B. Kessel, who is also a director, reported a disposition of 2,935 shares of common stock on February 6, 2026 at $36.60 per share.
Rhea-AI Filing Summary
Independent Bank Corp. President & CEO William B. Kessel, who is also a director, reported a disposition of 2,935 shares of common stock on February 6, 2026 at $36.60 per share. After this transaction, he directly held 153,643 common shares and indirectly held 8,761.23 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,935 shares
Exercise Price or Tax Liability
2 txns
Insider
Kessel William B
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,935 | $36.60 | $107K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 153,643 shares (Direct);
Common Stock — 8,761.23 shares (Indirect, By ESOP)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IBCP President & CEO William B. Kessel report?
William B. Kessel reported disposing of 2,935 shares of Independent Bank Corp. common stock. The Form 4 shows this transaction occurred on February 6, 2026 at a price of $36.60 per share, affecting his directly held non-derivative common stock position.
What transaction code is used for William B. Kessel’s IBCP stock disposition?
The filing records Kessel’s February 6, 2026 IBCP transaction with code "F". This code appears in the non-derivative securities table alongside the 2,935-share disposition of common stock at $36.60 per share, identifying the nature of that reported transaction.
Is William B. Kessel considered an insider of Independent Bank Corp (IBCP)?
Yes, Kessel is an insider as a director and as President & CEO of Independent Bank Corp. The Form 4 explicitly checks both the Director and Officer boxes, listing his officer title as President & CEO, which triggers ongoing Section 16 reporting obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.