O'MALLEY KATHRYN 4
4 · INDEPENDENT BANK CORP · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) Chief Credit Officer Kathryn O'Malley Receives Award
What Happened
Kathryn O'Malley, Chief Credit Officer of Independent Bank Corp. (INDB), received 692 shares on March 12, 2026 pursuant to the vesting of a performance stock award (reported at $0.00 acquisition price). On the same date she disposed of 186 of those shares to Independent Bank to satisfy tax withholding, generating proceeds of $13,764 (186 shares × $74.00).
Key Details
- Transaction date: March 12, 2026; Form 4 filed March 16, 2026.
- Award: 692 shares issued upon vesting (code A) at $0.00.
- Tax withholding: 186 shares transferred to the company (code F) at $74.00 each, totaling $13,764.
- Net retained from this vesting: 692 − 186 = 506 shares added to her holdings from this grant.
- Reported holdings note: total holdings include 400.0621 shares held in the filer’s 401(k) account (footnote).
- Footnotes: F1 = shares issued on vesting of a performance award; F3 = shares disposed to company to satisfy tax withholding.
Context
This is a routine vesting of a performance stock award with a standard share withholding to cover taxes, not an open-market sale or purchase. Such transactions typically reflect compensation mechanics rather than an explicit buy/sell signal about the executive’s view of the stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-12+692→ 12,077.397 total - Tax Payment
Common Stock
[F3][F2]2026-03-12$74.00/sh−186$13,764→ 11,891.397 total
Footnotes (3)
- [F1]Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp.
- [F2]Total Holdings include 400.0621 shares held in the Filer's 401(k) account.
- [F3]Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.