Independent Bank (NASDAQ: INDB) director reports gift of 741 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Independent Bank Corp. director Eileen C. Miskell reported a gift of 741 shares of common stock on January 29, 2026. The shares were transferred at a price of $0 per share, reflecting a disposition by gift rather than a sale. Following this transaction, she reported beneficial ownership of 12,273.2261 common shares. The reported holdings include 313.6982 shares accumulated through participation in Independent Bank Corp.’s 2014 Dividend Reinvestment and Stock Purchase Plan since the prior Form 4 filed on June 11, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
741 shares gifted
Mixed
1 txn
Insider
MISKELL EILEEN C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 741 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,273.226 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did INDB director Eileen C. Miskell report?
Director Eileen C. Miskell reported a gift of 741 shares of Independent Bank Corp. common stock on January 29, 2026, at $0 per share, classified as a disposition rather than an open-market sale.
What does transaction code G mean for the INDB Form 4 filing?
Transaction code G on the Independent Bank Corp. Form 4 indicates a bona fide gift of shares, meaning the 741 shares were transferred without consideration, not sold in the open market.
Is the INDB Form 4 transaction a direct or indirect holding for Eileen C. Miskell?
The Form 4 lists Miskell’s post-transaction ownership of 12,273.2261 shares as direct beneficial ownership, meaning the shares are attributed directly to her rather than through an intermediary entity.
Did the INDB director receive any cash in this reported Form 4 transaction?
No. The reported gift of 741 INDB shares shows a $0 per share price, indicating no cash consideration was received, consistent with a bona fide gift transaction code G.