Independent Bank (NASDAQ: IBCP) exec now holds 2,207 shares after sale
Rhea-AI Filing Summary
INDEPENDENT BANK CORP (IBCP) officer Kristopher Kreter reported selling 300 shares of common stock on 2026-08-19 at $37.11 per share in an open market or private transaction. After this sale, he directly holds 2,207 shares and indirectly holds 278.57 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 300 shares
Net Sell
2 txns
Insider
Kreter Kristopher
Role
First Vice Pres. & Controller
Sold
300 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 300 | $37.11 | $11K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,207 shares (Direct);
Common Stock — 278.57 shares (Indirect, By ESOP)
Key Figures
Shares sold: 300 shares
Sale price: $37.11 per share
Direct holdings after transaction: 2,207 shares
+2 more
5 metrics
Shares sold
300 shares
Common Stock sale on 2026-08-19
Sale price
$37.11 per share
Price for 300 Common Stock shares sold on 2026-08-19
Direct holdings after transaction
2,207 shares
Common Stock directly owned following the 2026-08-19 sale
Indirect ESOP holdings
278.57 shares
Common Stock held indirectly by ESOP after 2026-08-19
Net shares sold
300 shares
Net-sell direction per transaction summary
Key Terms
Form 4, open market or private transaction, indirect, ESOP
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
open market or private transaction financial
"transaction_code_description: "Sale in open market or private transaction""
indirect financial
""ownership_type": "indirect""
ESOP financial
""nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
What insider transaction did IBCP officer Kristopher Kreter report on this Form 4?
Kristopher Kreter reported selling 300 shares of INDEPENDENT BANK CORP (IBCP) common stock on 2026-08-19 at $37.11 per share. The transaction is coded as a sale in an open market or private transaction.
Does the Form 4 indicate any Rule 10b5-1 trading plan for the IBCP insider sale?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote indicates a trading plan. The transaction is simply described as a sale in open market or private transaction without additional plan-related detail.
AI-generated analysis. How Rhea-AI works. Not financial advice.