Abelli Donna L 4
Research Summary
AI-generated summary
Independent Bank (INDB) Director Donna Abelli Sells 523.735 Shares
What Happened Donna L. Abelli, a director of Independent Bank Corp. (INDB), sold 523.735 shares on February 4, 2026 in an open-market/private sale at $85.00 per share, generating proceeds of approximately $44,517. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date and price: 2026-02-04, sale at $85.00 per share.
- Shares sold: 523.735; proceeds: ~$44,517.
- Shares owned after transaction: not specified in the portions of the filing provided.
- Footnote: Holdings reported include 223.3761 shares acquired via the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 (5/21/2025); those DRIP transactions are exempt from Section 16 reporting (per footnote F1).
- Filing timeliness: Form filed 2026-02-05 for a 2026-02-04 transaction (filed the next day; no late-filing indication provided).
Context
- This is a routine insider sale by a director; sales do not by themselves indicate management sentiment. Purchases tend to be more informative about insider conviction.
- No option exercise, gift, tax-withholding, or 10b5-1 plan was indicated in the provided information.