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million to repurchase a warrant tobuy 481,664r of its common shares and that it recently rewarded its top sevenb executives $1.83 million in restricted stock awards The Rockland, Mass.-based company, the parent of communitty banking and wealth management concern , said the warranyt repurchase closed May 27. The warranr was issued to the Treasury Jan. 9 and enabled the governmenft tobuy 481,664 common shares at a strik price of $24.34 a share. Independent Bank’s stock (Nasdaq: price was $19.
65 a share before Thursday’s opening In a regulatory filing Wednesday, the company also disclosed that on May 21 itgrantex 93,000 restricted shares of common stockm to its senior executive Vesting schedules for the grants were not provided, althougj the shares carried a total market valuew of roughly $1.8 million, based on Independent’ws share price Thursday. • Christopher Oddleifson, president and CEO, receivec 33,000 restricted shares with a current markeg valueof $648,450 • Raymond G. Fuerschbach, senio vice president of human resources, received 7,000 restricted shares worth $137,5509 • Edward F.
Jankowski, chief technology officer and COO, received 7,0090 restricted shares worth $137,550 • Jane L. Lundquist, executive vice received 13,000 restricted shares worth $255,45o • Gerard F. Nadeau, executive vice presidentt , received 13,000 restricted shares worth $255,450p • Edward H. Seksay, general received 7,000 restricted shares worth $137,550 • Denis K. Sheahan, chief financial officer, received 13,000 restricte shares worth $255,450
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