Independent Bank exec gets stock grant, pays tax

Independent Bank Corp. granted Chief Commercial Banking Officer James T. Rizzo 2,300 shares of time-vesting restricted common stock on February 19, 2026 at a stated price of 0.0000 per share.

Accepted by SEC EDGAR 02/23/2026 - 11:43 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Independent Bank Corp. granted Chief Commercial Banking Officer James T. Rizzo 2,300 shares of time-vesting restricted common stock on February 19, 2026 at a stated price of 0.0000 per share. These are equity awards from the company.

To cover related tax withholding obligations, Rizzo disposed of 224 shares on February 20, 2026 and 153 shares on February 22, 2026 back to Independent Bank Corp. at 82.3975 per share. After these transactions, he directly owned 14,434 common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider RIZZO JAMES T.

Role Chief Commercial Banking Off.

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	153	$82.3975	$13K
Exercise Price or Tax Liability	Common Stock	224	$82.3975	$18K
Grant/Award	Common Stock	2,300	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,434 shares (Direct)

Holdings Before and After: Common Stock, 12,511 to 14,434 shares (Direct)

Footnotes (2)

1. F1. Independent Bank Corp. awarded Time Vesting Restricted Stock to the Filer.
2. F2. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did INDB executive James T. Rizzo report on this Form 4?

James T. Rizzo reported receiving a grant of 2,300 shares of time-vesting restricted common stock and two small share dispositions totaling 377 shares to satisfy tax withholding obligations, all involving Independent Bank Corp. common stock.

How many Independent Bank Corp. (INDB) shares did James T. Rizzo acquire in this filing?

Rizzo acquired 2,300 shares of Independent Bank Corp. common stock as a time-vesting restricted stock award. The award was recorded at a stated price of 0.0000 per share, indicating it was a compensation grant rather than an open-market stock purchase.

Why did James T. Rizzo dispose of INDB shares in this Form 4 filing?

The filing shows Rizzo disposed of shares to satisfy tax withholding obligations. Specifically, 224 shares and 153 shares were delivered back to Independent Bank Corp., consistent with using stock rather than cash to cover associated tax liabilities on the equity award.

At what price were the INDB tax-withholding share dispositions recorded?

Both tax-withholding dispositions were recorded at a price of 82.3975 per share. This price applied to the 224-share transaction on February 20, 2026 and the 153-share transaction on February 22, 2026, involving Independent Bank Corp. common stock.

How many INDB shares did James T. Rizzo own after these Form 4 transactions?

After the reported grant and tax-withholding dispositions, Rizzo directly owned 14,434 shares of Independent Bank Corp. common stock. This figure reflects his holding following the final 153-share tax-withholding disposition dated February 22, 2026.

Were the INDB share dispositions by James T. Rizzo open-market sales?

The transactions were recorded under code F, indicating payment of tax liabilities by delivering securities. The filing specifies the shares were disposed of to Independent Bank Corp. itself, rather than sold in open-market trades to third-party buyers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RIZZO JAMES T.

(Last) (First) (Middle)

C/O INDEPENDENT BANK CORP.

288 UNION STREET

(Street)

ROCKLAND MA 02370

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [ INDB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Banking Off.

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		A		2,300(1)	A	$0	14,811	D
Common Stock	02/20/2026		F		224(2)	D	$82.3975	14,587	D
Common Stock	02/22/2026		F		153(2)	D	$82.3975	14,434	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Independent Bank Corp. awarded Time Vesting Restricted Stock to the Filer.

2. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for James T. Rizzo	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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