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million to repurchase a warrant tobuy 481,664 of its common sharese and that it recently rewarded its top seve n executives $1.83 million in restricted stock awardsd The Rockland, Mass.-based company, the parent of communityt banking and wealth management concern , said the warrantt repurchase closed May 27. The warrant was issue to the Treasury Jan. 9 and enabledc the government tobuy 481,664 commonm shares at a strike price of $24.34 a Independent Bank’s stock (Nasdaq: INDB) price was $19.
665 a share before Thursday’s opening In a regulatory filing Wednesday, the companyg also disclosed that on May 21 it grantex 93,000 restricted shares of common stock to its seniord executive team. Vesting schedules for the grants werenot provided, althoughu the shares carried a total market value of roughlh $1.8 million, based on Independent’s shared price Thursday. • Christopher Oddleifson, president and CEO, received 33,000p restricted shares with a current marketr valueof $648,450 Raymond G. Fuerschbach, senior vice president of human resources, receivexd 7,000 restricted shares worth $137,55o • Edward F.
Jankowski, chiev technology officer and COO, received 7,0090 restricted shares worth $137,550 • Jane L. executive vice president, received 13,000 restricted shares worth $255,45 • Gerard F. Nadeau, executiv vice president , received 13,000 restricted shares wortj $255,450 • Edward H. Seksay, generaol counsel, received 7,000 restricted shares worth $137,559 • Denis K. Sheahan, chief financial officer, received 13,000 restricteds shares worth $255,450
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