[Form 4] INDEPENDENT BANK CORP Insider Trading Activity
Rhea-AI Filing Summary
Independent Bank Corp. (INDB) director Gerard F. Nadeau reported an open-market sale of common stock. On 11/21/2025, he sold 3,000 shares of INDB common stock at a price of $70 per share. After this transaction, he directly beneficially owned 22,395 shares of common stock.
In addition, 267.3595 shares are held in his name for the benefit of his daughter and 269.7162 shares are held in his name for the benefit of his son. These family holdings each include a small number of additional shares (2.2872 and 2.3074, respectively) received through Independent Bank Corp.’s 2014 Dividend Reinvestment and Stock Purchase Plan since 8/14/2025, which the report notes are exempt from Section 16 reporting. The filer states that this should not be taken as an admission of beneficial ownership for Section 16 purposes.
Positive
- None.
Negative
- None.
FAQ
What insider transaction was reported for Independent Bank Corp (INDB)?
A director of Independent Bank Corp. (INDB), Gerard F. Nadeau, reported selling 3,000 shares of INDB common stock in an open-market transaction.
On what date did the INDB director sell shares and at what price?
The sale occurred on 11/21/2025, and the 3,000 shares of common stock were sold at a price of $70 per share.
How many Independent Bank Corp (INDB) shares does the director hold after the sale?
Following the reported transaction, the director directly beneficially owned 22,395 shares of INDB common stock.
What indirect holdings for the director’s family are reported in the INDB filing?
The filing shows 267.3595 shares held in the filer’s name for the benefit of his daughter and 269.7162 shares held for the benefit of his son.
How does the Independent Bank Corp 2014 Dividend Reinvestment and Stock Purchase Plan affect these holdings?
The daughter’s account includes 2.2872 shares and the son’s account includes 2.3074 shares received through the 2014 Dividend Reinvestment and Stock Purchase Plan since 8/14/2025, and these plan transactions are described as exempt from Section 16 reporting.
Does the director admit beneficial ownership of the family accounts under Section 16?
The report states that its filing should not be construed as an admission that the filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of the shares held for his children.