Kreter Kristopher 4

What Happened

• Kreter Kristopher, First Vice President & Controller of Independent Bank Corp (IBCP), had 94 shares withheld to satisfy a tax liability related to an equity event. The withholding disposed of 94 shares at $36.60 each, totaling $3,440. The Form 4 reports the transaction as code F (tax withholding).

Key Details

• Transaction date: 2026-02-06; Filing date: 2026-02-09 (filed within the normal Form 4 reporting window).
• Price: $36.60 per share; Total value withheld/disposed: $3,440.
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code F indicates shares were withheld to satisfy tax obligations (commonly after option exercises or RSU vesting), not an open-market sell for investment.
• No 10b5-1 plan or other special instructions noted in the summary.

Context

• Tax-withholding dispositions are routine administrative actions to cover tax liabilities from equity awards and do not necessarily signal a change in the insider’s view on the company. They differ from open-market sales because withheld shares are surrendered to the company or its broker to cover withholding rather than sold for cash for personal reasons.