Were Maureen A. Gaffney’s INDB share disposals open-market sales?

No. The filing states the share disposals were tax-withholding transactions , coded "F". Shares were delivered to Independent Bank Corp. to satisfy tax obligations arising from equity compensation, not discretionary open-market selling.

Independent Bank (NASDAQ: INDB) officer gets stock award, delivers shares for taxes

Q: What insider transactions did INDB officer Maureen A. Gaffney report on this Form 4?

Maureen A. Gaffney reported receiving a 1,350-share restricted stock award and disposing of 135 shares and 108 shares . The disposals were used to cover tax withholding obligations related to the equity compensation.

Q: At what price were the INDB shares used for tax withholding valued?

Both tax-withholding dispositions were valued at $82.3975 per share . This per-share value applied to the 135-share transaction and the 108-share transaction, according to the amounts reported in the Form 4 data.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

INDEPENDENT BANK CORP Principal Accounting Officer Maureen A. Gaffney reported equity award and related tax-share dispositions. She received a grant of 1,350 shares of common stock, then disposed of 135 shares and 108 shares at $82.3975 per share to satisfy tax withholding obligations. After these transactions, she directly held 7,243 common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider GAFFNEY MAUREEN A.

Role Principal Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	108	$82.3975	$9K
Tax Withholding	Common Stock	135	$82.3975	$11K
Grant/Award	Common Stock	1,350	$0.00	--

Holdings After Transaction: Common Stock — 7,243 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

02/23/2026 - 11:30 AM

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^*

GAFFNEY MAUREEN A.

(Last)

(First)

(Middle)

C/O INDEPENDENT BANK CORP.

288 UNION STREET

(Street)

ROCKLAND

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)
	Principal Accounting Officer

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/19/2026		A		1,350⁽¹⁾	A	$0	7,486	D
Common Stock	02/20/2026		F		135⁽²⁾	D	$82.3975	7,351	D
Common Stock	02/22/2026		F		108⁽²⁾	D	$82.3975	7,243	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did INDB officer Maureen A. Gaffney report on this Form 4?

Maureen A. Gaffney reported receiving a 1,350-share restricted stock award and disposing of 135 shares and 108 shares. The disposals were used to cover tax withholding obligations related to the equity compensation.

How many INDB shares does Maureen A. Gaffney hold after these transactions?

After the reported Form 4 transactions, Maureen A. Gaffney directly holds 7,243 shares of Independent Bank Corp. common stock. This figure reflects the 1,350-share award and the two small tax-related share dispositions.

What is the nature of the 1,350 INDB shares awarded to Maureen A. Gaffney?

Independent Bank Corp. awarded Time Vesting Restricted Stock totaling 1,350 shares to Maureen A. Gaffney. These restricted shares typically vest over time according to company-set conditions, as indicated in the footnote description.

At what price were the INDB shares used for tax withholding valued?

Both tax-withholding dispositions were valued at $82.3975 per share. This per-share value applied to the 135-share transaction and the 108-share transaction, according to the amounts reported in the Form 4 data.