Independent Bank (INDB) HR chief disposes shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Independent Bank Corp.'s Chief Human Resources Officer, Maria S. Harris, reported several small stock dispositions made to cover tax obligations rather than open-market sales. On three dates, she delivered 43, 45, and 116 shares of common stock at prices around $83–$84 per share to satisfy tax withholding.
After these transactions, she held a total of 14,260.1045 common shares, including 1,088.1045 shares in a 401(k) account and 69.472 shares accumulated through the company’s dividend reinvestment and stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Harris Maria S
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 43 | $83.30 | $4K |
| Tax Withholding | Common Stock | 45 | $83.895 | $4K |
| Tax Withholding | Common Stock | 116 | $82.905 | $10K |
Holdings After Transaction:
Common Stock — 14,260.105 shares (Direct)
Footnotes (1)
- Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation. Total Holdings include 1,088.1045 shares held in the Filer's 401(k) account. Holdings include 69.472 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/20/2025), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
FAQ
What did INDEPENDENT BANK CORP (INDB) insider Maria S. Harris report on this Form 4?
Maria S. Harris reported disposing of company shares to cover tax withholding obligations. These were not open-market sales but shares delivered back to Independent Bank Corp. in connection with equity compensation and related tax liabilities.
What portion of Maria S. Harris’s INDB holdings is in retirement and reinvestment plans?
Her total holdings include 1,088.1045 shares in a 401(k) account and 69.472 shares obtained through the Independent Bank Corp. dividend reinvestment and stock purchase plan since the prior Form 4, according to the footnotes provided.