Independent Bank Corp (IBCP) director receives 285-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Independent Bank Corp. director William J. Boer reported an award of 285 shares of Common Stock at $36.07 per share. This grant increased his direct holdings to 17,073.75 shares. He also reports 28,124 shares held indirectly by a trust, which includes 138.25 shares acquired through a dividend reinvestment program during the second quarter.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boer William J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 285 | $36.07 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,073.75 shares (Direct, null);
Common Stock — 28,124 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Stock award: 285 shares
Award price: $36.07 per share
Direct holdings after grant: 17,073.75 shares
+2 more
5 metrics
Stock award
285 shares
Common Stock grant to director William J. Boer
Award price
$36.07 per share
Price for 285-share Common Stock grant
Direct holdings after grant
17,073.75 shares
Common Stock directly owned after transaction
Indirect trust holdings
28,124 shares
Common Stock held indirectly by trust
DRIP shares acquired
138.25 shares
Dividend reinvestment program during second quarter
Key Terms
Grant, award, or other acquisition, dividend reinvestment program (DRIP), Common Stock, By Trust
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
dividend reinvestment program (DRIP) financial
"Includes 138.25 shares acquired through dividend reinvestment program (DRIP) during the second quarter."
Common Stock financial
"security_title: Common Stock"
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.
By Trust financial
"nature_of_ownership: By Trust"
FAQ
What insider transaction did Independent Bank Corp (IBCP) report for William J. Boer?
Independent Bank Corp reported that director William J. Boer received an award of 285 shares of Common Stock at $36.07 per share. This is classified as a grant or other acquisition rather than an open-market purchase or sale, and reflects routine equity-based compensation.
What indirect holdings in Independent Bank Corp (IBCP) stock are reported for William J. Boer?
The filing shows 28,124 shares of Independent Bank Corp Common Stock held indirectly by a trust. These indirect holdings are reported under “By Trust,” indicating they are owned through a trust structure rather than in Boer's personal name.
What does the dividend reinvestment footnote mean in the Independent Bank Corp (IBCP) Form 4?
The footnote explains that 138.25 shares were acquired through a dividend reinvestment program during the second quarter. This means dividends paid on existing shares were automatically used to buy additional Independent Bank Corp shares instead of being received in cash.
Was the Independent Bank Corp (IBCP) Form 4 transaction an open-market buy or sell?
No, the primary transaction is classified as a grant, award, or other acquisition, coded as “A.” It reflects 285 shares of Common Stock awarded at $36.07 per share rather than an open-market purchase or sale by William J. Boer.