Independent Bank (NASDAQ: INDB) director gifts 842 shares, holds plan stock
Rhea-AI Filing Summary
INDEPENDENT BANK CORP (INDB) director Eileen C. Miskell reported a bona fide gift of 842 shares of common stock on 2026-08-28. After this disposition, she directly holds 12,470.2025 shares, which include 97.6141 shares acquired through participation in the company’s 2014 Dividend Reinvestment and Stock Purchase Plan since her prior Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 842 shares
Net Sell
1 txn
Insider
MISKELL EILEEN C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 842 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,470.2025 shares (Direct)
Footnotes (1)
- F1. Holdings include 97.6141 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 (05/21/2026), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
Key Figures
Gifted shares: 842 shares
Price per share: $0.0000
Shares owned after transaction: 12,470.2025 shares
+2 more
5 metrics
Gifted shares
842 shares
Bona fide gift of INDB common stock on 2026-08-28
Price per share
$0.0000
Reported for the 842-share bona fide gift transaction
Shares owned after transaction
12,470.2025 shares
Direct holdings of Eileen C. Miskell following the gift
Shares from Dividend Reinvestment and Stock Purchase Plan
97.6141 shares
Portion of holdings acquired via the 2014 plan since prior Form 4 (05/21/2026)
Gift transactions in this filing
1 gift; 842 shares
Aggregate gift activity summarized in the Form 4 transaction summary
Key Terms
bona fide gift, Dividend Reinvestment and Stock Purchase Plan, Section 16 of the Securities and Exchange Act of 1934
3 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Dividend Reinvestment and Stock Purchase Plan financial
"participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan"
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
Section 16 of the Securities and Exchange Act of 1934 regulatory
"exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934"
FAQ
What insider transaction did INDB director Eileen C. Miskell report?
Eileen C. Miskell reported a bona fide gift of 842 shares of INDEPENDENT BANK CORP common stock on 2026-08-28, classified as a gift transfer under transaction code G, with no price per share reported.
What portion of Eileen C. Miskell’s INDB holdings came from the dividend reinvestment plan?
Her reported holdings include 97.6141 shares acquired through participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since her prior Form 4 dated 05/21/2026.
Was Eileen C. Miskell’s INDB gift transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, and the footnote describes the transaction only as a bona fide gift, not as part of a trading plan.
What does transaction code G mean for the INDB Form 4 filing?
Transaction code G identifies the reported move as a bona fide gift of INDEPENDENT BANK CORP common stock, indicating a disposition by gift rather than a market sale or purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.