Ruggiero Mark J 4
4 · INDEPENDENT BANK CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) CFO Mark Ruggiero Receives 1,049-Share Award
What Happened
Mark J. Ruggiero, Chief Financial Officer and EVP Consumer Lending of Independent Bank Corp. (INDB), acquired 1,049 shares on February 27, 2026 under the company’s 401(k) Restoration Plan. The transaction shows a weighted average price of $78.81 per share for a total value of approximately $82,669. This was an acquisition (award/plan restoration), not a sale.
Key Details
- Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (reporting period 2026-02-27).
- Price: weighted average $78.81 per share; actual prices ranged $78.745–$78.81 (see footnote).
- Shares acquired: 1,049; total value ≈ $82,669.
- Source: Shares were acquired under the Company’s 401(k) Restoration Plan (footnote F1).
- Price note: weighted average; filer can provide per-transaction breakdown on request (footnote F2).
- Shares owned after transaction: not disclosed in the provided filing.
Context
Awards or restorations to retirement plans are typically plan-driven and do not necessarily indicate an immediate view on the stock; they reflect compensation/benefit mechanics rather than open-market buys. This filing records an acquisition via a company plan rather than an independent cash purchase or sale.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-27$78.81/sh+1,049$82,669→ 26,218.816 total
Footnotes (2)
- [F1]Shares acquired under the Company's 401(k) Restoration Plan.
- [F2]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $78.745 through $78.81 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.