Independent Bank director awarded 842 restricted shares
LERNER JOSEPH C reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
LERNER JOSEPH C reported acquisition or exercise transactions in this Form 4 filing.
INDEPENDENT BANK CORP director Joseph C. Lerner received an equity award of company stock. On May 19, 2026, he was granted 842 shares of Common Stock at $0.00 per share as restricted stock under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan, in a transaction the company notes is exempt under Rule 16b-3(d). The shares vested immediately on the grant date. Following this award, Lerner directly holds 19,047 shares of Independent Bank Corp common stock and also has 4,950 shares held indirectly through a Family Limited Partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 842 shares
Grant/Award
2 txns
Insider
LERNER JOSEPH C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 842 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,047 shares (Direct);
Common Stock — 4,950 shares (Indirect, Family Limited Partnership)
Footnotes (1)
- F1. Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant.
Key Figures
Restricted stock grant: 842 shares
Grant price: $0.00 per share
Direct holdings after grant: 19,047 shares
+1 more
4 metrics
Restricted stock grant
842 shares
Common Stock awarded on May 19, 2026
Grant price
$0.00 per share
Restricted stock under 2018 Non-Employee Director Stock Plan
Direct holdings after grant
19,047 shares
Common Stock directly owned by Joseph C. Lerner
Indirect holdings
4,950 shares
Common Stock held through a Family Limited Partnership
Key Terms
restricted stock, Independent Bank Corp. 2018 Non-Employee Director Stock Plan, Rule 16b-3(d), Family Limited Partnership
4 terms
restricted stock financial
"Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Independent Bank Corp. 2018 Non-Employee Director Stock Plan financial
"awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"
Rule 16b-3(d) regulatory
"in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Family Limited Partnership financial
"total_shares_following_transaction 4950.0000, direct_or_indirect I, nature_of_ownership Family Limited Partnership"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INDB report for Joseph C. Lerner?
Independent Bank Corp reported that director Joseph C. Lerner received an award of 842 shares of Common Stock. The filing classifies this as a grant or award acquisition of restricted stock, with the shares vesting immediately on the grant date.
What are Joseph C. Lerner’s INDB holdings after the reported grant?
After the grant, Joseph C. Lerner directly holds 19,047 shares of Independent Bank Corp Common Stock. He also has 4,950 shares reported as held indirectly through a Family Limited Partnership, according to the Form 4 ownership details.
Does the INDB Form 4 show any stock sales by Joseph C. Lerner?
The Form 4 shows no open-market stock sales for Joseph C. Lerner. It reports one acquisition of 842 shares as a grant or award and includes an additional holding entry for 4,950 shares held indirectly through a Family Limited Partnership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
