INDB director granted 842 shares in stock award

INDEPENDENT BANK CORP director John J. Morrissey received a stock award rather than buying shares on the market.

Rhea-AI Filing Summary

INDEPENDENT BANK CORP director John J. Morrissey received a stock award rather than buying shares on the market. On May 19, 2026, he acquired 842 shares of Common Stock at no cost in a grant classified as a non-derivative award. The shares were issued as restricted stock under the company’s 2018 Non-Employee Director Stock Plan and vested immediately on the grant date. After this award and additional shares accumulated through a dividend reinvestment plan, Morrissey directly holds a total of 13,692.2769 shares of INDB common stock.

Insights

Equity compensation analyst

Director received routine stock compensation, not an open-market trade.

Director John J. Morrissey was granted 842 shares of INDEPENDENT BANK CORP common stock under the 2018 Non-Employee Director Stock Plan. The filing classifies this as a grant or award, with a price per share of $0.0000, indicating compensation rather than a purchase.

The footnotes state the grant is exempt under Rule 16b-3(d) and that the shares vested immediately on the grant date. The filing also notes holdings include 103.1989 shares accumulated via a dividend reinvestment plan, bringing total direct ownership to 13,692.2769 shares. Overall, this looks like standard equity compensation with neutral impact.

Insider Trade Summary

Grant/Award: 842 shares

Grant/Award 1 txn

Insider MORRISSEY JOHN J

Role Director

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

Holdings After Transaction: Common Stock — 13,692.2769 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Holdings include 103.1989 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (02/09/2026), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.

Key Figures

Stock grant size: 842 shares Grant price: $0.0000 per share Post-transaction holdings: 13,692.2769 shares +1 more

4 metrics

Stock grant size 842 shares Common Stock grant on May 19, 2026

Grant price $0.0000 per share Equity compensation, not open-market purchase

Post-transaction holdings 13,692.2769 shares Common Stock directly owned after grant

Dividend reinvestment shares 103.1989 shares Acquired via 2014 Dividend Reinvestment and Stock Purchase Plan

Key Terms

restricted stock, Rule 16b-3(d), Dividend Reinvestment and Stock Purchase Plan, Section 16

4 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.

Rule 16b-3(d) regulatory

"in a transaction exempt pursuant to Rule 16b-3(d). Shares immediately vested on the date of grant."

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.

Dividend Reinvestment and Stock Purchase Plan financial

"shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan"

A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.

Section 16 regulatory

"which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What did INDB director John J. Morrissey report in this Form 4?

Director John J. Morrissey reported receiving a grant of 842 shares of INDEPENDENT BANK CORP common stock. The award was classified as a non-derivative stock grant under the company’s 2018 Non-Employee Director Stock Plan and vested immediately on the grant date.

Was the INDB Form 4 transaction a market purchase or sale of shares?

The transaction was not a market purchase or sale. It was coded as an “A” transaction, meaning a grant, award, or other acquisition. Morrissey received 842 shares at a price per share of $0.0000 as equity compensation rather than trading in the open market.

How many INDB shares does John J. Morrissey own after this award?

After the award, Morrissey directly holds 13,692.2769 shares of INDEPENDENT BANK CORP common stock. This total includes 842 newly granted shares and 103.1989 shares accumulated through the company’s 2014 Dividend Reinvestment and Stock Purchase Plan since his prior Form 4 filing.

What plan governed the stock grant reported by INDB director Morrissey?

The grant was made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan. Footnotes specify that the company awarded restricted stock pursuant to this plan, and that the transaction is exempt from certain short-swing profit rules under Rule 16b-3(d).

Did the INDB director stock grant vest immediately?

Yes. The footnotes explain that the restricted stock shares awarded to Morrissey immediately vested on the grant date. This means there was no extended vesting schedule attached to the 842-share award disclosed in the Form 4 for Independent Bank Corp.

Are dividend reinvestment shares included in Morrissey’s INDB holdings?

Yes, his reported holdings include 103.1989 shares acquired via the 2014 Dividend Reinvestment and Stock Purchase Plan. Those reinvestment transactions are exempt from Section 16 reporting, but the resulting shares are included in his total direct ownership figure of 13,692.2769 shares.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:18 PM Learn about SEC filing dates

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^*

MORRISSEY JOHN J

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/19/2026		A		842(1)	A	$0	13,692.2769(2)	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 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.

2. Holdings include 103.1989 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (02/09/2026), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.

Remarks:

	/s/ Maureen Gaffney, Power of Attorney for John J. Morrissey	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)