RAHN JOEL F 4

What Happened

• Joel F. Rahn, Executive Vice President of Independent Bank Corp (IBCP), reported the disposition of 873 shares on Feb 6, 2026. The shares were surrendered to satisfy tax withholding obligations at $36.60 per share, for a total value of $31,952. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-06; reported on Form 4 filed 2026-02-09 (filed within the required reporting window).
• Price per share: $36.60; total value of shares surrendered: $31,952.
• Shares owned after transaction: Not specified in the provided filing excerpt (see the full Form 4 for post-transaction holdings).
• Transaction type/code: F — payment of exercise price or tax liability (share surrender to cover taxes).
• Not an open-market sale; shares were withheld to satisfy taxes rather than indicating a directional trade.

Context

• Code F transactions are routine tax-withholding actions that occur when restricted stock vests or when options are exercised; they do not necessarily reflect the insider’s view of the company’s prospects. Check the full Form 4 for related option/award details or the insider’s total holdings if you want more context.