Independent Bank Corp (INDB) CFO receives stock award and surrenders shares for taxes

Rhea-AI Filing Summary

Independent Bank Corp executive Mark J. Ruggiero, CFO & EVP Consumer Lending, reported equity compensation activity in company common stock. On March 12, he acquired 1,706 shares at a stated price of $0.00 per share through the vesting of a performance stock award granted by the company.

On the same date, 460 shares were disposed of at $74.0025 per share to Independent Bank Corp to satisfy tax withholding obligations, rather than through an open-market sale. Following these transactions, Ruggiero directly holds 27,464.8157 common 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

OMB Number:			3235-0287
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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^*

Ruggiero Mark 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & EVP Consumer Lending

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		1,706(1)	A	$0	27,924.8157	D
Common Stock	03/12/2026		F		460(2)	D	$74.0025	27,464.8157	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 Mark J. Ruggiero	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.
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FAQ

What insider transactions did INDB executive Mark J. Ruggiero report?

Mark J. Ruggiero reported a stock award vesting of 1,706 Independent Bank Corp common shares and a related tax withholding disposition of 460 shares. Both transactions occurred on March 12 and reflect equity compensation mechanics, not open-market buying or selling.

How many INDB shares does Mark J. Ruggiero hold after this Form 4?

After the reported transactions, Mark J. Ruggiero directly owns 27,464.8157 shares of Independent Bank Corp common stock. This figure reflects the net position after 1,706 shares vested and 460 shares were surrendered back to the issuer for tax withholding.

Was the INDB insider transaction a market sale or a tax withholding?

The 460-share disposition was for tax withholding, not a market sale. Those shares were delivered back to Independent Bank Corp at $74.0025 per share to satisfy withholding obligations arising from a performance stock award vesting on March 12.

What type of stock award did INDB grant to Mark J. Ruggiero?

Independent Bank Corp issued shares to Mark J. Ruggiero upon vesting of a performance stock award. This vesting delivered 1,706 common shares at a stated price of $0.00 per share, representing equity compensation rather than an open-market purchase.

What role does Mark J. Ruggiero hold at Independent Bank Corp (INDB)?

Mark J. Ruggiero serves as Chief Financial Officer and Executive Vice President of Consumer Lending at Independent Bank Corp. His Form 4 filing details recent equity compensation events in company common stock associated with this executive position.