Independent Bank director granted 842 INDB shares

O'Leary Leif reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 05/21/2026 - 04:19 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

O'Leary Leif reported acquisition or exercise transactions in this Form 4 filing.

Independent Bank Corp. reported that director Leif O'Leary received a grant of 842 shares of Common Stock as an equity award. The shares were issued at no cash cost and increased his direct holdings to 1,800 shares. The restricted stock was awarded under the 2018 Non-Employee Director Stock Plan and, according to the disclosure, the shares vested immediately on the grant date in a transaction exempt under Rule 16b-3(d).

Insider Trade Summary

Grant/Award: 842 shares

Grant/Award 1 txn

Insider O'Leary Leif

Role Director

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

Holdings After Transaction: Common Stock — 1,800 shares (Direct)

Holdings Before and After: Common Stock, 958 to 1,800 shares (Direct)

Footnotes (1)

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.

Key Figures

Shares granted: 842 shares Total holdings after grant: 1,800 shares Grant price per share: $0.00 per share

3 metrics

Shares granted 842 shares Restricted stock award on May 19, 2026

Total holdings after grant 1,800 shares Common Stock directly held by Leif O'Leary after transaction

Grant price per share $0.00 per share Equity award, no cash consideration paid by director

Key Terms

restricted stock, 2018 Non-Employee Director Stock Plan, Rule 16b-3(d)

3 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.

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.

FAQ

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

What insider transaction did INDEPENDENT BANK CORP (INDB) report for Leif O'Leary?

Independent Bank Corp. reported that director Leif O'Leary received a grant of 842 shares of Common Stock. This was an equity award rather than a market purchase, increasing his direct holdings to 1,800 shares after the transaction.

Was Leif O'Leary’s INDB stock transaction a purchase or an equity award?

Leif O'Leary’s transaction was an equity award, coded as a grant or other acquisition. He received 842 shares of Common Stock at no cash cost as part of Independent Bank Corp.’s 2018 Non-Employee Director Stock Plan.

How many INDEPENDENT BANK CORP shares does Leif O'Leary hold after this Form 4?

After the reported grant, Leif O'Leary directly holds 1,800 shares of Independent Bank Corp. common stock. This total reflects the addition of 842 awarded shares that were granted and immediately vested on the transaction date.

Did the 842-share INDB award to Leif O'Leary vest immediately?

Yes. The filing states that the restricted stock awarded to Leif O'Leary under the 2018 Non-Employee Director Stock Plan immediately vested on the date of grant, meaning the shares became fully owned without a waiting or vesting period.

Under which plan did Leif O'Leary receive his INDB restricted stock award?

Leif O'Leary received his 842-share restricted stock award under Independent Bank Corp.’s 2018 Non-Employee Director Stock Plan. This plan provides equity compensation to non-employee directors in the form of company stock grants.

What regulatory exemption applies to Leif O'Leary’s INDB stock grant?

The grant is described as exempt under Rule 16b-3(d). This SEC rule provides an exemption from certain short-swing profit rules for director and officer transactions that are properly approved, such as specified equity awards under company compensation plans.

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^*

O'Leary Leif

(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	1,800	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.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Leif O'Leary	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)