INDB CEO disposes shares to cover tax withholding (INDB)

Rhea-AI Filing Summary

INDEPENDENT BANK CORP Chief Executive Officer Jeffrey J. Tengel reported a tax-related share disposition. On this Form 4, he transferred 679 shares of common stock at $82.905 per share back to Independent Bank Corp. to satisfy a tax withholding obligation. Following this transaction, he directly owns 38,591.9303 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tengel Jeffrey J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	679	$82.905	$56K

Holdings After Transaction: Common Stock — 38,591.93 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:22 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^*

Tengel Jeffrey J

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		679(1)	D	$82.905	38,591.9303	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 Jeffrey J. Tengel	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 transaction did INDB CEO Jeffrey Tengel report on this Form 4?

Jeffrey J. Tengel reported a tax-related disposition of 679 INDB common shares. The shares were transferred back to Independent Bank Corp. to cover a tax withholding obligation, rather than being sold on the open market, and were reported as a Form 4 transaction.

How many INDB shares were disposed of in Jeffrey Tengel’s latest Form 4 filing?

The filing shows a disposition of 679 INDB common shares. These shares were not sold in the market but delivered to Independent Bank Corp. to satisfy a tax withholding obligation tied to equity compensation, according to the transaction code F and the accompanying footnote disclosure.

Was the INDB CEO’s Form 4 transaction an open-market sale of shares?

No, the CEO’s Form 4 transaction was not an open-market sale. It was coded F, indicating shares were delivered to Independent Bank Corp. to pay a tax withholding obligation, as confirmed by the footnote describing the disposition’s purpose for settling tax liabilities.

What is Jeffrey Tengel’s INDB share ownership after this reported tax disposition?

After the reported transaction, Jeffrey J. Tengel directly holds 38,591.9303 INDB common shares. This total reflects his ownership following the 679-share disposition to Independent Bank Corp. for tax withholding, as disclosed in the post-transaction balance field on the Form 4 summary.

How is the INDB CEO’s tax-withholding share disposition classified on the Form 4?

The transaction is classified with code F, a tax-withholding disposition. It is labeled as a non-derivative common stock transaction, with the direction marked as dispose and the action described as a tax-withholding disposition used to settle an equity-related tax obligation.

Who received the INDB shares disposed of in Jeffrey Tengel’s Form 4 transaction?

Independent Bank Corp. received the 679 common shares from Jeffrey J. Tengel. The footnote states that the disposition was to Independent Bank Corp. specifically to satisfy a tax withholding obligation, indicating the shares went back to the issuer rather than external market buyers.