Independent Bank Corp (NASDAQ: INDB) officer gets 738-share award, with 199 surrendered for taxes

Rhea-AI Filing Summary

Independent Bank Corp Chief Commercial Banking Officer James T. Rizzo received 738 shares of Common Stock as a vested performance stock award on March 12, 2026, at no purchase price. On the same date, 199 shares were surrendered to Independent Bank Corp at $74.0025 per share to satisfy tax withholding obligations, a non-market disposition. Following these routine compensation-related transactions, Rizzo directly holds 14,973 Common Stock shares.

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

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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^*

RIZZO JAMES T.

(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)
	Chief Commercial Banking Off.

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		A		738(1)	A	$0	15,172	D
Common Stock	03/12/2026		F		199(2)	D	$74.0025	14,973	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. Shares issued pursuant to vest of performance stock award granted to the Filer by Independent Bank Corp.

2. 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 James T. Rizzo	03/16/2026
	** 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 executive James T. Rizzo report?

James T. Rizzo reported receiving 738 shares of Independent Bank Corp common stock as a vested performance stock award. He then surrendered 199 shares back to the company to cover tax withholding, leaving him with 14,973 directly held shares after the transactions.

Was the INDB insider transaction a market purchase or sale?

The INDB insider activity was not an open-market trade. Shares were granted as equity compensation and a portion was disposed of back to Independent Bank Corp for tax withholding, rather than being bought or sold on the public market.

How many INDB shares does James T. Rizzo hold after this Form 4?

After the reported award and tax withholding, James T. Rizzo directly holds 14,973 shares of Independent Bank Corp common stock. This reflects routine equity compensation vesting and related tax settlement disclosed in the Form 4 filing.

What price was used for the tax-withholding share disposition at INDB?

For the tax-withholding disposition, 199 shares of Independent Bank Corp common stock were delivered back to the company at $74.0025 per share. This transaction settled tax obligations tied to the vesting of the performance stock award.

What type of equity award did INDB grant to James T. Rizzo?

Independent Bank Corp issued shares pursuant to the vesting of a performance stock award previously granted to James T. Rizzo. The vest resulted in 738 common shares being issued as compensation, as described in the filing’s footnotes.