Independent Bank Corp.
US ˙ NasdaqGS ˙ US4538361084

Introduction

This page provides a comprehensive analysis of the known insider trading history of Thomas R Venables. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Thomas R Venables has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:INDB / Independent Bank Corp. Director 20,962
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Thomas R Venables. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases INDB / Independent Bank Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in INDB / Independent Bank Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

INDB / Independent Bank Corp. Insider Trades
Insider Sales INDB / Independent Bank Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in INDB / Independent Bank Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2025-06-13 INDB Venables Thomas R 1,000 64.5154 1,000 64.5154 64,515 7 61.0600 -3,455 -5.36
2019-12-05 INDB Venables Thomas R 7,795 83.6652 7,795 83.6652 652,170
2019-11-15 INDB Venables Thomas R 1,200 85.0800 1,200 85.0800 102,096
2019-10-23 INDB Venables Thomas R 1,280 82.5000 1,280 82.5000 105,600
2018-05-25 INDB Venables Thomas R 466 76.6500 466 76.6500 35,719
2016-12-02 INDB Venables Thomas R 3,300 64.5932 3,300 64.5932 213,158
2016-10-26 INDB Venables Thomas R 3,600 55.8033 3,600 55.8033 200,892
2013-05-21 INDB Venables Thomas R 11,500 33.0813 11,500 33.0813 380,435
2013-05-20 INDB Venables Thomas R 10,000 33.1761 10,000 33.1761 331,761
2013-02-28 INDB Venables Thomas R 0 15.6100 0 15.6100 8
2012-08-17 INDB Venables Thomas R 16,000 29.5000 16,000 29.5000 472,000
2012-02-03 INDB Venables Thomas R 14,400 28.9170 14,400 28.9170 416,405

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

INDB / Independent Bank Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Thomas R Venables as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2025-06-16 2025-06-13 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -1,000 20,962 -4.55 64.52 -64,515 1,352,372
2025-05-21 2025-05-20 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 938 21,962 4.46
2024-05-22 2024-05-21 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 1,134 21,024 5.70
2023-05-25 2023-05-23 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 1,241 19,890 6.65
2022-05-26 2022-05-24 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 623 18,649 3.46
2021-05-27 2021-05-25 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 640 18,026 3.68
2020-08-13 2020-08-12 4 INDB INDEPENDENT BANK CORP
NQ Stock Option (Right to Buy)
M - Exercise -500 0 -100.00
2020-08-13 2020-08-12 4 INDB INDEPENDENT BANK CORP
Common Stock
M - Exercise 500 17,386 2.96 28.88 14,438 502,021
2020-05-29 2020-05-27 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 858 16,886 5.35
2019-12-05 2019-12-05 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -7,795 16,028 -32.72 83.67 -652,170 1,340,986
2019-11-19 2019-11-15 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -1,200 23,823 -4.80 85.08 -102,096 2,026,861
2019-11-14 2019-11-12 4 INDB INDEPENDENT BANK CORP
NQ Stock Option (Right to Buy)
M - Exercise 5,000 0 -100.00
2019-11-14 2019-11-12 4 INDB INDEPENDENT BANK CORP
Common Stock
F - Taxes -1,354 25,023 -5.13 85.14 -115,273 2,130,333
2019-11-14 2019-11-12 4 INDB INDEPENDENT BANK CORP
Common Stock
M - Exercise 5,000 26,377 23.39 23.06 115,325 608,386
2019-10-25 2019-10-23 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -1,280 21,377 -5.65 82.50 -105,600 1,763,602
2019-05-23 2019-05-21 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 500 22,657 2.26
2018-05-29 2018-05-25 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -466 22,157 -2.06 76.65 -35,719 1,698,334
2018-05-24 2018-05-22 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 500 22,623 2.26
2017-05-24 2017-05-23 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 500 22,123 2.31
2016-12-05 2016-12-02 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -3,300 21,623 -13.24 64.59 -213,158 1,396,699
2016-10-28 2016-10-26 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -3,600 24,923 -12.62 55.80 -200,892 1,390,786
2016-05-26 2016-05-24 4/A INDB INDEPENDENT BANK CORP
Common Stock
A - Award 725 28,523 2.61
2016-05-23 2016-05-19 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 725 28,523 2.61
2015-05-29 2015-05-27 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 800 27,798 2.96
2014-05-21 2014-05-20 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 780 26,998 2.98
2013-05-24 2013-05-21 4/A INDB INDEPENDENT BANK CORP
Common Stock
A - Award 1,050 37,718 2.86
2013-05-22 2013-05-21 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -11,500 26,218 -30.49 33.08 -380,435 867,326
2013-05-22 2013-05-21 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 1,050 37,718 2.86 33.16 34,823 1,250,917
2013-05-22 2013-05-20 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -10,000 36,668 -21.43 33.18 -331,761 1,216,501
2013-05-22 2013-02-28 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -0 46,668 0.00 15.61 -8 728,487
2012-08-20 2012-08-17 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -16,000 46,669 -25.53 29.50 -472,000 1,376,736
2012-05-24 2012-05-22 4 INDB INDEPENDENT BANK CORP
Common Stock
A - Award 1,000 62,669 1.62
2012-02-07 2012-02-03 4 INDB INDEPENDENT BANK CORP
Common Stock
S - Sale -14,400 61,669 -18.93 28.92 -416,405 1,783,282
2009-04-20 3 INDB INDEPENDENT BANK CORP
Common Stock
70,583
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)