Independent Bank Corp (INDB) officer awarded 2,050 shares, disposes some for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INDEPENDENT BANK CORP Chief Credit Officer Kathryn O'Malley reported an equity award and related tax withholding transactions in company stock. On February 19, 2026, she acquired 2,050 shares of common stock as a grant of time-vesting restricted stock at no cash cost. On February 20 and 22, 2026, she disposed of 143 shares and 148 shares, respectively, back to Independent Bank Corp. to satisfy tax withholding obligations at $82.3975 per share. Following these transactions, she directly owned 11,383.1556 shares of common stock, including 397.8208 shares held in her 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
O'MALLEY KATHRYN
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 148 | $82.3975 | $12K |
| Tax Withholding | Common Stock | 143 | $82.3975 | $12K |
| Grant/Award | Common Stock | 2,050 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,383.156 shares (Direct)
Footnotes (1)
- Independent Bank Corp. awarded Time Vesting Restricted Stock to the Filer. Total Holdings include 397.8208 shares held in the Filer's 401(k) account. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
FAQ
What insider transactions did INDB Chief Credit Officer Kathryn O'Malley report?
Kathryn O'Malley reported receiving a grant of 2,050 shares of Independent Bank Corp. common stock, then disposing of 143 and 148 shares in separate transactions to cover tax withholding obligations. All transactions involved directly owned common stock.
Was the INDB insider transaction a stock sale on the open market?
The dispositions reported by Kathryn O'Malley were not open-market sales. Shares were surrendered back to Independent Bank Corp. to satisfy tax withholding obligations related to an equity award, according to the transaction code F and related footnote.
What type of equity award did INDB grant to the Chief Credit Officer?
Independent Bank Corp. granted Kathryn O'Malley time-vesting restricted stock totaling 2,050 shares. A footnote explains that the company awarded Time Vesting Restricted Stock, indicating the shares will vest over time rather than being immediately unrestricted.