Independent Bank Corp (INDB) director gets 842-share restricted stock award

Rhea-AI Filing Summary

Hogan Michael P. reported acquisition or exercise transactions in this Form 4 filing.

Independent Bank Corp. director Michael P. Hogan reported receiving a grant of 842 shares of common stock as restricted stock. The award was made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan and was exempt under Rule 16b-3(d). The shares vested immediately on the grant date, bringing Hogan’s directly held stake to 7,808 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hogan Michael P.

Role null

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

Holdings After Transaction: Common Stock — 7,808 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 842 shares Holdings after grant: 7,808 shares Grant price per share: $0.0000 per share

3 metrics

Restricted stock grant 842 shares Common Stock award to director on 2026-05-19

Holdings after grant 7,808 shares Michael P. Hogan direct common stock ownership post-transaction

Grant price per share $0.0000 per share Equity compensation, no cash purchase price

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Hogan Michael P.

(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	7,808	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 Michael P. Hogan	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)

FAQ

What insider transaction did INDEPENDENT BANK CORP (INDB) disclose for Michael P. Hogan?

INDEPENDENT BANK CORP disclosed that director Michael P. Hogan received 842 shares of common stock as a restricted stock award. The grant came from the company’s 2018 Non-Employee Director Stock Plan and represents compensation, not an open-market purchase or sale.

How many INDB shares does Michael P. Hogan hold after this Form 4 transaction?

After the reported grant, Michael P. Hogan directly holds 7,808 shares of INDEPENDENT BANK CORP common stock. This total reflects the addition of 842 restricted shares that vested immediately on the grant date as part of his non-employee director compensation.

Was the Michael P. Hogan stock grant at INDEPENDENT BANK CORP an open-market buy or sell?

The transaction was not an open-market buy or sell. It was a grant of 842 shares of common stock as restricted stock to director Michael P. Hogan, issued as compensation under the 2018 Non-Employee Director Stock Plan at no cash purchase price.

What plan governed the restricted stock grant to Michael P. Hogan at INDB?

The restricted stock grant to Michael P. Hogan was made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan. This plan provides stock-based compensation to non-employee directors, and the reported 842-share award vested immediately on the date of grant.

How were the INDB restricted shares granted to Michael P. Hogan treated for SEC purposes?

The 842 restricted shares granted to Michael P. Hogan were treated as an exempt transaction under Rule 16b-3(d). This rule generally covers issuer-to-insider equity awards made under approved compensation plans, reducing short-swing profit concerns for such director and officer grants.