Independent Bank Corp (INDB) director sells 523.7346 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Independent Bank Corp director Donna L. Abelli reported an open-market sale of common stock. On 02/04/2026, she sold 523.7346 shares of Independent Bank Corp common stock at $85 per share. Following this transaction, she directly owns 13,246.686 shares, which include 223.3761 shares accumulated through participation in the company’s 2014 Dividend Reinvestment and Stock Purchase Plan since her prior Form 4 filed on 05/21/2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 523.735 shares ($44,517)
Net Sell
1 txn
Insider
Abelli Donna L
Role
Director
Sold
523.735 shs ($45K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 523.735 | $85.00 | $45K |
Holdings After Transaction:
Common Stock — 13,246.686 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Donna L. Abelli report for INDB?
Donna L. Abelli, a director of Independent Bank Corp, reported selling 523.7346 shares of common stock. The transaction occurred on 02/04/2026 and was coded as an open-market sale, reflecting routine insider portfolio activity disclosed under Section 16 reporting rules.
What is Donna L. Abelli’s relationship to Independent Bank Corp (INDB)?
Donna L. Abelli is identified as a director of Independent Bank Corp. Her status is indicated by the checked “Director” box in the relationship section, with no officer or 10% owner roles marked, clarifying her position and reporting obligation under Section 16.
What does the dividend reinvestment footnote in the INDB Form 4 explain?
The footnote states Abelli’s holdings include 223.3761 shares gained through the Independent Bank Corp 2014 Dividend Reinvestment and Stock Purchase Plan since her last Form 4 on 05/21/2025. These plan acquisitions are exempt from Section 16 reporting, so only the sale appears as a reportable transaction.
Was the INDB insider transaction reported as direct or indirect ownership?
The transaction was reported under direct ownership. The Form 4 marks the ownership form as “D” for the 13,246.686 shares following the sale, and no nature of indirect beneficial ownership, such as through a trust or entity, is listed in the ownership detail.