Lentz Mary L 4
Research Summary
AI-generated summary
Independent Bank (INDB) Director Mary Lentz Receives 810-Share Award
What Happened
- Mary Lentz, a director of Independent Bank Corp. (INDB), was granted 810 restricted common shares on April 10, 2026. The shares were reported as acquired at $0.00 (no cash paid) and vested immediately on the grant date per the filing.
Key Details
- Transaction date: 2026-04-10
- Report filed: 2026-04-14 (within the Form 4 reporting window)
- Amount acquired: 810 shares at $0.00 (cash paid = $0)
- Shares owned after transaction: not disclosed in the provided summary
- Footnote: Award made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan and was exempt under Rule 16b-3(d); shares immediately vested.
Context
- This is a standard director compensation award rather than an open-market purchase or sale. Such grants are common for non-employee directors and do not necessarily indicate personal buying/selling intent. The filing shows no cash outlay at grant; tax and ownership implications follow standard securities and tax rules once shares vest.