Independent Bank Corp. director Form 4: 144,000-share sale disclosed
Rhea-AI Filing Summary
Independent Bank Corp. (INDB) director Kenneth S. Ansin reported a sale of 144,000 shares of common stock on November 10, 2025 (Code S). The filing states the sale was made in connection with the settlement of a family member's estate.
The reported weighted average price was $69.9362 per share, with individual trades executed between $69.53 and $70.56 per share. Following the transaction, beneficial holdings were reported as: 288,481 shares indirect (Trust for Ronald M. Ansin Family Members), 5,095 shares direct, 106,738 shares indirect (Trust for Ronald M. Ansin Grandchildren), 4,108 shares indirect (Trust for Son G. Ansin), 6,029 shares indirect (Trust for Son K. Ansin), 40,894 shares indirect (Trust), and 1,407 shares indirect (Held by Wife).
Positive
- None.
Negative
- None.
Insights
Routine Form 4 sale tied to estate settlement; neutral.
Kenneth S. Ansin, a director of Independent Bank Corp., disclosed selling 144,000 shares on November 10, 2025 at a $69.9362 weighted average. The footnote attributes the sale to an estate settlement, which often reflects administrative rebalancing rather than a change in outlook.
Trades occurred within a $69.53–$70.56 range, and the filing lists substantial remaining indirect and direct holdings, indicating continued exposure. Actual market impact depends on liquidity and float, which are not detailed in the excerpt.
Subsequent filings may provide additional context on any further disposition schedules or trust-related distributions if applicable.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 144,000 | $69.9362 | $10.07M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Sale of shares in connection with settlement of family member's estate. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $69.53 through $70.56 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
