Daniel Larry R Jr 4

What Happened
Daniel Larry R Jr, Executive Vice President of Independent Bank Corp (IBCP), had 851 shares disposed on February 6, 2026 as a tax/option withholding. The shares were valued at $36.60 each, for a total of about $31,147. This was a withholding to satisfy tax liability (transaction code F), not an open‑market sale.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (reporting period 2026-02-06).
• Shares withheld/disposed: 851 at $36.60 per share — total ≈ $31,147.
• Transaction code: F — payment of exercise price or tax liability (shares withheld).
• Shares owned after the transaction: not specified in the supplied data.
• No indication in the provided data that this was part of a 10b5-1 plan or that the filing was late.

Context
A code F withholding is typically used to cover taxes from an option exercise or the settlement of restricted stock units; it is a routine administrative action and not the same as a market sale that signals a change in sentiment. Purchases by insiders tend to be more informative about confidence; routine withholdings are common after awards vest or options are exercised.