Independent Bank director granted 842 shares
Venables Thomas R reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Venables Thomas R reported acquisition or exercise transactions in this Form 4 filing.
Independent Bank Corp. director Thomas R. Venables received a grant of 842 shares of common stock as restricted stock. The award was made under the company’s 2018 Non-Employee Director Stock Plan and carried no purchase price. The shares immediately vested on the grant date, bringing his directly held position to 21,399 shares.
Insider Trade Summary
Grant/Award: 842 shares
Grant/Award
1 txn
Insider
Venables Thomas R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 842 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 21,399 shares (Direct)
Holdings Before and After:
Common Stock, 20,557 to 21,399 shares (Direct)
Footnotes (1)
- F1. Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant.
Key Figures
Restricted stock grant: 842 shares
Grant price: $0.00 per share
Post-transaction holdings: 21,399 shares
3 metrics
Restricted stock grant
842 shares
Common Stock awarded to director on May 19, 2026
Grant price
$0.00 per share
Restricted stock awarded at no purchase price
Post-transaction holdings
21,399 shares
Common Stock directly held after grant
Key Terms
restricted stock, 2018 Non-Employee Director Stock Plan, Rule 16b-3(d)
3 terms
restricted stock financial
"Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2018 Non-Employee Director Stock Plan financial
"awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"
Rule 16b-3(d) regulatory
"in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INDB director Thomas R. Venables report?
Thomas R. Venables reported receiving a grant of 842 shares of Independent Bank Corp. common stock. The grant was a restricted stock award under the company’s 2018 Non-Employee Director Stock Plan and was classified as an acquisition rather than an open-market purchase.
Was the INDB stock grant to Thomas R. Venables an open-market purchase?
No, the 842-share transaction was a grant of restricted stock at no purchase price. It was awarded under Independent Bank Corp.’s 2018 Non-Employee Director Stock Plan and is reported as a compensation-related acquisition, not an open-market buy or sell of shares.
What plan governed the restricted stock award to INDB director Venables?
The restricted stock award to Thomas R. Venables was granted under Independent Bank Corp.’s 2018 Non-Employee Director Stock Plan. The filing notes the award is compensation for non-employee directors and that the shares vested immediately on the date of grant, increasing his direct holdings.
Was the INDB restricted stock grant to Venables exempt under SEC rules?
Yes, the restricted stock award was reported as exempt under Rule 16b-3(d). That rule generally provides an exemption for certain insider transactions that are approved under board or committee-administered compensation plans, such as director stock plans like the one used here.
AI-generated analysis. How Rhea-AI works. Not financial advice.
