PERRY DAWN 4
Research Summary
AI-generated summary
INDEPENDENT BANK (INDB) Director Dawn Perry Receives 842-Share Award
What Happened
- Dawn Perry, a director of Independent Bank Corp. (INDB), was awarded 842 restricted shares on 2026-05-19. The shares were reported as acquired at $0.00 (total reported consideration $0) and vested immediately on the grant date.
Key Details
- Transaction date: 2026-05-19; Filing date: 2026-05-21 (timely within typical Form 4 reporting window).
- Transaction type/code: Award/Grant (A) of restricted stock.
- Shares acquired: 842 at $0.00; total reported consideration $0.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Award made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan and exempt under Rule 16b-3(d); shares immediately vested on grant.
Context
- This was a director compensation award, not a market purchase or sale. Immediate vesting means the shares are now owned outright by the director. Such awards are commonly used to compensate non-employee directors and do not, by themselves, indicate the director’s trading intent.