INDB director receives 842-share stock grant
INDEPENDENT BANK CORP director Ken S. Ansin received a stock grant of 842 common shares on May 19, 2026.
Rhea-AI Filing Summary
INDEPENDENT BANK CORP director Ken S. Ansin received a stock grant of 842 common shares on May 19, 2026. The shares were awarded as restricted stock under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan, vested immediately, and were acquired at no cash cost.
Following this compensation award, Ansin directly holds 5,937 common shares. He also reports various indirect holdings, including shares held by his wife and multiple family trusts, reflecting broader family-related ownership in Independent Bank Corp. stock disclosed in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 842 shares
Grant/Award
7 txns
Insider
ANSIN KEN S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 842 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,937 shares (Direct);
Common Stock — 171,104 shares (Indirect, Trust for Ronald M. Ansin Family Members);
Common Stock — 53,738 shares (Indirect, Trust for Ronald M. Ansin Grandchildren);
Common Stock — 4,108 shares (Indirect, Trust for Son G. Ansin);
Common Stock — 6,029 shares (Indirect, Trust for Son K. Ansin);
Common Stock — 40,894 shares (Indirect, Trust);
Common Stock — 1,407 shares (Indirect, Held by Wife)
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 per share: $0.0000/share
Direct holdings after grant: 5,937 shares
+3 more
6 metrics
Restricted stock grant
842 shares
Common Stock awarded to director on May 19, 2026
Grant price per share
$0.0000/share
Director compensation award, not open-market purchase
Direct holdings after grant
5,937 shares
Common Stock held directly by Ken S. Ansin
Wife-held indirect shares
1,407 shares
Common Stock held indirectly, nature of ownership: Held by Wife
Trust indirect holdings
40,894 shares
Common Stock, nature of ownership: Trust
Family members trust holdings
171,104 shares
Common Stock, nature of ownership: Trust for Ronald M. Ansin Family Members
Key Terms
restricted stock, Independent Bank Corp. 2018 Non-Employee Director Stock Plan, Rule 16b-3(d), indirect, +1 more
5 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.
indirect financial
"ownership_type": "indirect""
beneficial ownership financial
"reflecting broader family-related ownership in Independent Bank Corp. stock disclosed in this filing"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did INDB director Ken S. Ansin report in this Form 4?
Ken S. Ansin reported receiving a grant of 842 shares of Independent Bank Corp. common stock as director compensation. The award was made under the 2018 Non-Employee Director Stock Plan and fully vested on the grant date, increasing his directly held shares to 5,937.
Was the INDB Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 842 restricted shares to Ken S. Ansin, not a market purchase or sale. The transaction code is “A,” indicating a grant or award, and the price per share is listed as 0.0000, reflecting compensation rather than open-market trading.
What plan was used for the restricted stock grant to INDB director Ken S. Ansin?
The restricted stock grant came from the Independent Bank Corp. 2018 Non-Employee Director Stock Plan. According to the footnote, the award was exempt under Rule 16b-3(d), and all 842 shares vested immediately on the grant date as part of standard director compensation.
What indirect holdings in INDB stock are reported for Ken S. Ansin?
The Form 4 lists multiple indirect holdings of Independent Bank Corp. stock for Ken S. Ansin, including shares held by his wife and various family trusts. These entries show post-transaction balances such as 1,407, 40,894, and 171,104 shares in different family-related entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
