Independent Bank (NASDAQ: INDB) director trust gifts 85,074 shares
Rhea-AI Filing Summary
Independent Bank Corp. director Kenneth S. Ansin reported estate-related gifts of company stock made through family trusts. On February 5 and 6, 2026, a trust for Ronald M. Ansin family members gifted 32,268 and 52,806 shares of Independent Bank common stock at a reported price of $0 per share.
The filing notes these gifts were made to organizations in connection with settling a family member’s estate. After the transactions, various family-related and personal accounts still held Independent Bank shares, including 256,213 and 203,407 shares in the reporting family trust, plus additional indirect holdings in trusts for grandchildren, children, and the director’s spouse.
Positive
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Negative
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FAQ
What did Independent Bank Corp (INDB) director Kenneth S. Ansin report in this Form 4?
He reported estate-related gifts of Independent Bank common stock made through family trusts. Two transactions on February 5 and 6, 2026 transferred tens of thousands of shares as gifts to organizations while maintaining significant remaining trust and family holdings in INDB stock.
How many Independent Bank (INDB) shares were gifted by the family trust in this filing?
The trust for Ronald M. Ansin family members reported gifting 32,268 shares on February 5, 2026 and 52,806 shares on February 6, 2026. Both were recorded at a transaction price of $0 per share, consistent with non-cash gifts to organizations.
Why were these Independent Bank Corp (INDB) share gifts made according to the filing?
The footnote explains that the filer made gifts of shares to organizations in connection with the settlement of a family member's estate. This indicates the transactions are part of an estate administration process rather than ordinary market sales of Independent Bank stock.
Did Kenneth S. Ansin or his family trusts sell Independent Bank (INDB) shares for cash?
No sales for cash are reported. The two listed transactions are coded as gifts, each at a price of $0 per share. The filing describes them as gifts of shares to organizations tied to settling a family member’s estate, not open-market sales.
What Independent Bank (INDB) share holdings remain after these reported gifts?
After the gifts, the trust for Ronald M. Ansin family members held 256,213 and 203,407 shares in two reported positions. Additional holdings are shown in trusts for grandchildren and sons, a separate trust, a personal holding of 5,095 shares, and 1,407 shares held by the director’s wife.