MISKELL EILEEN C 4
Research Summary
AI-generated summary
Independent Bank (INDB) Director Eileen C. Miskell Receives Award
What Happened
- Eileen C. Miskell, a director of Independent Bank Corp. (INDB), was granted 842 restricted shares on 2026-05-19. The shares were awarded at $0.00 per share and immediately vested on the grant date, resulting in a reported acquisition value of $0.
Key Details
- Transaction type: Award/Grant (code A); 842 shares acquired on 2026-05-19 at $0.00 per share.
- Reporting: Filing accession 0001220109-26-000002, filed 2026-05-21 (no indication the filing was late).
- Vesting/Exemption: Award made under the 2018 Non-Employee Director Stock Plan and exempt under Rule 16b-3(d); shares vested immediately (Footnote F1).
- Holdings note: The filing also notes holdings include 99.3623 shares acquired via the 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4; the filing does not state a total post-transaction share count (Footnote F2).
Context
- This was a director compensation award, not a market purchase or sale. Awards and immediate vesting are common for non-employee director compensation and do not necessarily signal insider buying or selling intentions. The grant was reported as an exempt transaction under Rule 16b-3.