STOCK TITAN

INDEPENDENT BANK (NASDAQ: INDB) officer reports tax-withholding stock dispositions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INDEPENDENT BANK CORP Principal Accounting Officer Maureen A. Gaffney reported routine tax-related share dispositions. Across three days in mid-February 2026, she disposed of 35, 32, and 71 shares of common stock, respectively, as payment of tax withholding obligations, and held 6,136 shares directly afterward.

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Insider GAFFNEY MAUREEN A.
Role Principal Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 35 $83.30 $3K
Tax Withholding Common Stock 32 $83.895 $3K
Tax Withholding Common Stock 71 $82.905 $6K
Holdings After Transaction: Common Stock — 6,136 shares (Direct)
Footnotes (1)
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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*
GAFFNEY MAUREEN A.

(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)
Principal Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026
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 02/16/2026 F 71(1) D $82.905 6,203 D
Common Stock 02/17/2026 F 32(1) D $83.895 6,171 D
Common Stock 02/18/2026 F 35(1) D $83.3 6,136 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. Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
Remarks:
/s/ Maureen A. Gaffney 02/19/2026
** 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.

FAQ

What insider transactions did INDB’s Maureen A. Gaffney report?

Maureen A. Gaffney reported three small common stock dispositions to cover tax withholding obligations. These occurred on February 16, 17, and 18, 2026, and are coded as Form 4 “F” transactions, indicating tax-related share deliveries, not open-market sales.

How many INDB shares were disposed of for taxes in this Form 4?

The Form 4 shows 35, 32, and 71 INDB common shares disposed of over three days. These dispositions satisfied tax withholding obligations by delivering shares back to Independent Bank Corp. rather than representing traditional market sales to third-party buyers.

Does Maureen A. Gaffney still hold INDB shares after these transactions?

Yes. After the final reported disposition, Maureen A. Gaffney directly held 6,136 INDB common shares. The reported movements are limited, routine tax-withholding events rather than large-scale changes in her overall ownership position at Independent Bank Corp.

What does transaction code “F” mean in the INDB Form 4 filing?

Transaction code “F” indicates payment of exercise price or tax liability by delivering securities. In this INDB filing, the code reflects that Maureen A. Gaffney used common shares to satisfy tax withholding obligations owed to Independent Bank Corp.

Were the INDB shares sold on the open market in this Form 4?

No. The footnote explains the shares were delivered to Independent Bank Corp. to satisfy tax withholding. This means the transactions were internal tax-withholding dispositions, not open-market sales to outside investors on a stock exchange.

Who is the insider involved in this INDB Form 4 filing?

The insider is Maureen A. Gaffney, Principal Accounting Officer of Independent Bank Corp. She reported direct ownership and routine tax-withholding dispositions of INDB common stock, reflecting her role as an executive-level reporting person under Section 16 rules.