Nadeau Gerard F 4
4 · INDEPENDENT BANK CORP · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) Director Gerard F. Nadeau Receives 842-Share Award
What Happened
Gerard F. Nadeau, a director of Independent Bank Corp. (INDB), was granted 842 restricted shares on 2026-05-19. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (filing lists acquisition value $0). According to the filing, the restricted shares immediately vested on the grant date.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (appears timely within the standard two-business-day reporting window).
- Transaction type: Award/Grant (A); 842 shares acquired at $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote F1: Award made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan; transaction exempt under Rule 16b-3(d). Shares immediately vested.
- Footnotes F2 & F3: Notes that certain shares are held in the filer’s name for the benefit of his daughter and son and that 2.1821 and 2.2013 shares, respectively, were received via the company’s Dividend Reinvestment and Stock Purchase Plan since the last Form 4 (03/16/2026). Those DRIP transactions are exempt from Section 16 reporting; the filer disclaims that these amounts necessarily indicate beneficial ownership for Section 16 purposes.
Context
This was a grant of restricted stock to a non-employee director that vested immediately — a routine form of director compensation, reported as an exempt Rule 16b-3(d) transaction. Because no cash was paid, the filing shows acquisition value $0; the filing does not state the market value of the shares or the director’s total INDB holdings after the grant.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-19+842→ 22,214 total
- 271.715(indirect: by Daughter)
Common Stock
[F2] - 274.11(indirect: by Son)
Common Stock
[F3]
Footnotes (3)
- [F1]Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant.
- [F2]Shares held in Filer's name f/b/o daughter. Holdings include 2.1821 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (03/16/2026). Such transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.
- [F3]Shares held in Filer's name f/b/o son. Holdings include 2.2013 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (03/16/2026). Such transactions are exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the Filer is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.