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Independent Bank Corp (INDB) director receives 842-share restricted stock grant as compensation

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

Rhea-AI Filing Summary

Abelli Donna L reported acquisition or exercise transactions in this Form 4 filing.

Independent Bank Corp. director Donna L. Abelli received a grant of 842 shares of common stock as restricted stock compensation. The award was made at a stated price of $0.00 per share under the company’s 2018 Non-Employee Director Stock Plan and was exempt under Rule 16b-3(d). The shares vested immediately on the grant date, bringing Abelli’s directly held common stock position to 14,155.1993 shares, which includes 66.5133 shares accumulated through the company’s Dividend Reinvestment and Stock Purchase Plan.

Positive

  • None.

Negative

  • None.
Insider Abelli Donna L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 842 $0.00 --
Holdings After Transaction: Common Stock — 14,155.199 shares (Direct, null)
Footnotes (1)
  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. Holdings include 66.5133 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 (02/05/2026), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
Restricted stock granted 842 shares Common Stock award to director Donna L. Abelli
Grant price $0.00 per share Stated price for restricted stock award
Total shares after grant 14,155.1993 shares Abelli direct holdings following transaction
Dividend reinvestment shares 66.5133 shares Accumulated via Dividend Reinvestment and Stock Purchase Plan
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.
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 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
"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
"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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Abelli Donna L
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/19/2026A842(1)A$014,155.1993D(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 66.5133 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 (02/05/2026), 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 Donna L. Abelli05/21/2026
** Signature of Reporting PersonDate
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 Donna L. Abelli report on this Form 4?

Donna L. Abelli reported receiving 842 shares of Independent Bank Corp. common stock as a restricted stock award. The grant was compensation under the 2018 Non-Employee Director Stock Plan and was exempt from normal trading rules under Rule 16b-3(d).

How many INDB shares did Donna L. Abelli acquire in this transaction?

Donna L. Abelli acquired 842 shares of Independent Bank Corp. common stock. These shares were granted as restricted stock at a stated price of $0.00 per share and vested immediately on the grant date, increasing her directly held ownership stake.

What are Donna L. Abelli’s total INDB holdings after this Form 4 transaction?

After the restricted stock award, Donna L. Abelli directly holds 14,155.1993 shares of Independent Bank Corp. common stock. This total includes 66.5133 shares accumulated through participation in the company’s Dividend Reinvestment and Stock Purchase Plan since her last Form 4 filing.

Was the INDB restricted stock grant to Donna L. Abelli an open-market purchase?

No, the 842-share transaction was not an open-market purchase. It was a restricted stock award granted as director compensation at a stated price of $0.00 per share, made under the 2018 Non-Employee Director Stock Plan and exempt under Rule 16b-3(d).

Did the restricted stock granted to Donna L. Abelli vest immediately?

Yes, the filing states the restricted stock shares immediately vested on the date of grant. That means the 842 awarded shares became fully owned common stock by Donna L. Abelli on the grant date without a future vesting schedule attached.

How did dividend reinvestment affect Donna L. Abelli’s INDB share count?

Donna L. Abelli’s reported holdings include 66.5133 shares acquired through Independent Bank Corp.’s Dividend Reinvestment and Stock Purchase Plan. These dividend-related acquisitions since her prior Form 4 are exempt from Section 16 reporting but are reflected in her updated total ownership figure.