INDB counsel withholds shares to cover tax liability

INDEPENDENT BANK CORP General Counsel Patricia M. Natale reported small share dispositions to cover taxes related to equity compensation.

Accepted by SEC EDGAR 02/19/2026 - 04:18 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

INDEPENDENT BANK CORP General Counsel Patricia M. Natale reported small share dispositions to cover taxes related to equity compensation. Over three days in February 2026, she transferred blocks of common stock back to the company at prices around $83 per share.

Each transaction was coded as a Form 4 "F" tax-withholding disposition, meaning the shares were surrendered to satisfy withholding obligations rather than sold in the open market. Following these moves, she directly owned a little over 8,300 common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 182 shares

Exercise Price or Tax Liability 3 txns

Insider NATALE PATRICIA M

Role General Counsel

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	48	$83.30	$4K
Exercise Price or Tax Liability	Common Stock	45	$83.895	$4K
Exercise Price or Tax Liability	Common Stock	89	$82.905	$7K

Holdings After Transaction: Common Stock — 8,343 shares (Direct)

Holdings Before and After: Common Stock, 8,525 to 8,343 shares (Direct)

Footnotes (1)

1. F1. 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 transaction did INDB General Counsel Patricia Natale report?

Patricia M. Natale reported three small dispositions of INDEPENDENT BANK CORP common stock. These transactions satisfied tax withholding obligations tied to equity compensation, using shares instead of cash, and were not open-market sales to third-party buyers.

Were Patricia Natale’s INDB stock transactions open-market sales?

No, the Form 4 shows tax-withholding dispositions coded "F." Shares were delivered back to INDEPENDENT BANK CORP to cover tax liabilities from equity awards, rather than sold on the public market to outside investors.

How many INDB shares did Patricia Natale dispose of for taxes?

She disposed of several small blocks of common stock, including 48, 45, and 89 shares, at prices around the low-to-mid $80s per share, solely to satisfy tax withholding obligations tied to her compensation.

What price levels were used for Patricia Natale’s INDB tax-withholding transactions?

The reported tax-withholding dispositions were valued at per-share prices of $83.30, $83.8950, and $82.9050. These reference prices help calculate the tax liability satisfied by delivering shares back to the company.

How many INDB shares did Patricia Natale own after these transactions?

After the reported tax-withholding dispositions, Patricia M. Natale directly held between about 8,300 and 8,400 INDEPENDENT BANK CORP common shares, according to the Form 4 ownership figures tied to each transaction date.

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

Transaction code "F" indicates a tax-withholding disposition. It means shares of INDEPENDENT BANK CORP common stock were delivered to the issuer to pay exercise price or tax liabilities from equity compensation, not sold on the open market.

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^*

NATALE PATRICIA M

(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)
	General Counsel

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		89(1)	D	$82.905	8,436	D
Common Stock	02/17/2026		F		45(1)	D	$83.895	8,391	D
Common Stock	02/18/2026		F		48(1)	D	$83.3	8,343	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, Power of Attorney for Patricia M. Natale	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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