Independent Bank (NASDAQ: INDB) director granted 842 restricted shares in stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MISKELL EILEEN C reported acquisition or exercise transactions in this Form 4 filing.
INDEPENDENT BANK CORP director Eileen C. Miskell received 842 shares of common stock as a restricted stock award. The shares were granted at no cash cost under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan and vested immediately on the grant date.
Following this award and additional shares accumulated through the company’s 2014 Dividend Reinvestment and Stock Purchase Plan, Miskell now holds a total of 13,214.5884 common shares directly. The reported activity reflects equity-based director compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MISKELL EILEEN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 842 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,214.588 shares (Direct, null)
Footnotes (1)
- 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. Holdings include 99.3623 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 (02/02/2026), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
Key Figures
Restricted stock award: 842 shares
Award price per share: $0.0000 per share
Total shares after transaction: 13,214.5884 shares
+1 more
4 metrics
Restricted stock award
842 shares
Common Stock grant to director on 2026-05-19
Award price per share
$0.0000 per share
Reported grant price for restricted stock
Total shares after transaction
13,214.5884 shares
Director’s direct holdings following the award
Dividend reinvestment shares
99.3623 shares
Accumulated via 2014 Dividend Reinvestment and Stock Purchase Plan
Key Terms
restricted stock, 2018 Non-Employee Director Stock Plan, Rule 16b-3(d), Dividend Reinvestment and Stock Purchase Plan, +1 more
5 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)"
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.
Dividend Reinvestment and Stock Purchase Plan financial
"acquired as a result of 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, as amended"
FAQ
What did INDB director Eileen C. Miskell report on this Form 4?
Eileen C. Miskell reported receiving 842 shares of Independent Bank Corp. common stock as a restricted stock award. The grant was made under the 2018 Non-Employee Director Stock Plan and vested immediately, representing equity compensation rather than an open-market transaction.
Under which plan did INDB grant restricted stock to director Eileen C. Miskell?
Independent Bank Corp. granted restricted stock to Eileen C. Miskell under its 2018 Non-Employee Director Stock Plan. The filing notes the transaction is exempt under Rule 16b-3(d) and that all awarded shares vested immediately on the date of grant as part of director equity compensation.