Independent Bank (IBCP) CEO William Kessel Sells Shares

What Happened
William B. Kessel, President & CEO and a director of Independent Bank Corp. (IBCP), executed nine open-market sales on 2026-09-15 totaling 2,000 shares for aggregate proceeds of $74,559. The individual tranches reported were:

• 100 shares @ $37.10 = $3,710
• 194 shares @ $37.17 = $7,211
• 200 shares @ $37.18 = $7,436
• 195 shares @ $37.19 = $7,252
• 106 shares @ $37.25 = $3,949
• 405 shares @ $37.30 = $15,106
• 600 shares @ $37.36 = $22,416
• 100 shares @ $37.38 = $3,738
• 100 shares @ $37.41 = $3,741
  These were sales (S) reported on a Form 4; sales provide liquidity and are often routine rather than a direct signal of company prospects.

Key Details

• Transaction date: 2026-09-15 (all trades). Prices ranged from $37.10 to $37.41.
• Total shares sold: 2,000; total proceeds: $74,559.
• Filing date: 2026-09-16 — timely (Form 4s are due within two business days).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: none shown in the provided transaction details (no 10b5-1 plan, tax-withholding, or similar footnotes disclosed).

Context
These were open-market sales by the CEO. Form 4s record insider transactions but do not state motivations; sales may be for diversification, cash needs, or other personal reasons. For retail investors, purchases are often viewed as stronger, more direct signals of insider conviction than isolated sales.