Nadeau Gerard F 4
4 · INDEPENDENT BANK CORP · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) Director Gerard Nadeau Receives Award
What Happened Gerard F. Nadeau, a director of Independent Bank Corp. (INDB), had 1,337 shares issued to him on 2026-03-12 upon vesting of a performance stock award (code A). To satisfy the related tax withholding, 360 of those shares were disposed back to the company at $74.00 per share for a total of $26,641 (code F). The award shares were issued at $0.00 (no purchase price).
Key Details
- Transaction dates: 2026-03-12 (award vest and tax-withholding disposition); Form 4 filed 2026-03-16.
- Award: 1,337 shares issued pursuant to vesting of a performance stock award.
- Tax withholding: 360 shares disposed to Independent Bank at $74.00/share, totaling $26,641, to satisfy withholding obligations.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: (F1) shares issued on vest; (F2) shares surrendered to the company for tax withholding; (F3/F4) some shares are held in the filer’s name for his daughter and son (filing notes that this should not be construed as admission of beneficial ownership).
- No late-filing flag indicated in the provided data.
Context This was a vesting of a performance award with a routine sell-to-cover (tax withholding) rather than an open-market sale. Such dispositions to the company to satisfy tax obligations are common and typically reflect tax mechanics, not a directional view on the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-12+1,337→ 21,732 total - Tax Payment
Common Stock
[F2]2026-03-12$74.00/sh−360$26,641→ 21,372 total
- 269.533(indirect: by Daughter)
Common Stock
[F3] - 271.909(indirect: by Son)
Common Stock
[F4]
Footnotes (4)
- [F1]Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp.
- [F2]Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
- [F3]Shares held in Filer's name f/b/o daughter. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities.
- [F4]Shares held in Filer's name f/b/o son. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, the beneficial owner of such securities.