INDEPENDENT BANK CORP (INDB) officer logs 692-share award, 186-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INDEPENDENT BANK CORP Chief Credit Officer Kathryn O'Malley reported equity compensation activity. She acquired 692 shares of Common Stock at no cost upon the vesting of a performance stock award granted by the company. To cover related tax withholding, 186 shares were disposed of back to Independent Bank Corp. at $74.0025 per share. After these transactions, she directly holds 11,891.3969 shares of Common Stock, including 400.0621 shares in her 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
O'MALLEY KATHRYN
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 692 | $0.00 | -- |
| Tax Withholding | Common Stock | 186 | $74.0025 | $14K |
Holdings After Transaction:
Common Stock — 12,077.397 shares (Direct)
Footnotes (1)
- Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp. Total Holdings include 400.0621 shares held in the Filer's 401(k) account. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
FAQ
What insider transactions did INDB Chief Credit Officer Kathryn O'Malley report?
Kathryn O'Malley reported two transactions in INDEPENDENT BANK CORP Common Stock. She received 692 shares from a vested performance stock award and disposed of 186 shares back to the company to satisfy tax withholding obligations related to that equity compensation.
What are Kathryn O'Malley’s total INDB holdings after these transactions?
Following the reported Form 4 transactions, Kathryn O'Malley directly holds 11,891.3969 shares of INDEPENDENT BANK CORP Common Stock. This figure includes 400.0621 shares held in her 401(k) account, as specifically noted in the footnotes to the filing.
What does the tax-withholding transaction on the INDB Form 4 represent?
The tax-withholding transaction represents 186 shares of Common Stock delivered to Independent Bank Corp. at $74.0025 per share. According to the footnotes, this disposition was made solely to satisfy a tax withholding obligation tied to the vesting of a performance stock award.