Independent Bank (NASDAQ: INDB) director receives 842-share restricted stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Independent Bank Corp. director Dawn Perry received a grant of restricted stock as part of board compensation. On May 19, 2026, Perry was awarded 842 shares of common stock at no cost under the company’s 2018 Non-Employee Director Stock Plan, with the shares vesting immediately.

After this award, Perry directly holds a total of 1,796.331 common shares of Independent Bank Corp. The transaction is classified as a grant or award acquisition and is exempt from short-swing profit rules under Rule 16b-3(d), indicating it is a routine, compensation-related equity grant rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PERRY DAWN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	842	$0.00	--

Holdings After Transaction: Common Stock — 1,796.331 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 842 shares Grant price: $0.00 per share Total holdings after grant: 1,796.331 shares

3 metrics

Restricted stock grant 842 shares Common Stock award on May 19, 2026

Grant price $0.00 per share Restricted stock award to non-employee director

Total holdings after grant 1,796.331 shares Director Dawn Perry’s direct ownership after transaction

Key Terms

restricted stock, Independent Bank Corp. 2018 Non-Employee Director Stock Plan, Rule 16b-3(d)

3 terms

restricted stock financial

"Independent Bank Corp. awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Independent Bank Corp. 2018 Non-Employee Director Stock Plan financial

"awarded restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan"

Rule 16b-3(d) regulatory

"in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested"

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 04:18 PM

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^*

PERRY DAWN

(Last)

(First)

(Middle)

C/O INDEPENDENT BANK CORP.

288 UNION STREET

(Street)

ROCKLAND

MASSACHUSETTS

02370

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

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

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

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	05/19/2026		A		842⁽¹⁾	A	$0	1,796.331	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 restricted stock to the Filer per the Independent Bank Corp. 2018 Non-Employee Director Stock Plan in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Dawn Perry	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Independent Bank Corp. (INDB) director Dawn Perry report in this Form 4?

Director Dawn Perry reported receiving a grant of 842 shares of Independent Bank Corp. common stock. The restricted stock was awarded as director compensation and vested immediately, increasing her direct holdings to 1,796.331 shares following the transaction.

How many Independent Bank Corp. (INDB) shares did Dawn Perry receive and at what price?

Dawn Perry received 842 shares of Independent Bank Corp. common stock at a price of $0.00 per share. This reflects a restricted stock award granted under the company’s 2018 Non-Employee Director Stock Plan as part of her non-cash director compensation.

What are Dawn Perry’s total Independent Bank Corp. (INDB) holdings after this Form 4 transaction?

Following the restricted stock award, Dawn Perry directly holds 1,796.331 shares of Independent Bank Corp. common stock. This total includes the newly granted 842 shares that vested immediately on the grant date under the company’s non-employee director stock plan.

Was Dawn Perry’s Independent Bank Corp. (INDB) stock grant an open-market purchase?

No, the transaction was not an open-market purchase. It was a grant of 842 restricted shares awarded at $0.00 per share as director compensation, exempt under Rule 16b-3(d), and the shares vested immediately rather than being bought on the market.

Under which plan did Independent Bank Corp. (INDB) grant restricted stock to Dawn Perry?

The 842-share restricted stock award to Dawn Perry was granted under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan. This plan provides equity compensation to non-employee directors, and the reported award vested in full on the date of grant.