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INDEPENDENT BANK CORP (INDB) officer logs 692-share award, 186-share tax withholding

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

Rhea-AI Filing Summary

INDEPENDENT BANK CORP Chief Credit Officer Kathryn O'Malley reported equity compensation activity. She acquired 692 shares of Common Stock at no cost upon the vesting of a performance stock award granted by the company. To cover related tax withholding, 186 shares were disposed of back to Independent Bank Corp. at $74.0025 per share. After these transactions, she directly holds 11,891.3969 shares of Common Stock, including 400.0621 shares in her 401(k) account.

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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'MALLEY KATHRYN

(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 Credit Officer
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 692(1) A $0 12,077.3969(2) D
Common Stock 03/12/2026 F 186(3) D $74.0025 11,891.3969(2) 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. Total Holdings include 400.0621 shares held in the Filer's 401(k) account.
3. 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 Kathryn O'Malley 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 transactions did INDB Chief Credit Officer Kathryn O'Malley report?

Kathryn O'Malley reported two transactions in INDEPENDENT BANK CORP Common Stock. She received 692 shares from a vested performance stock award and disposed of 186 shares back to the company to satisfy tax withholding obligations related to that equity compensation.

Was the INDB Form 4 transaction a market sale of shares?

No, the disposition was not a market sale. The filing states 186 shares were delivered back to Independent Bank Corp. at $74.0025 per share solely to satisfy a tax withholding obligation on vested performance stock awards, a routine administrative transaction.

How many INDB shares did Kathryn O'Malley acquire through the award vesting?

She acquired 692 shares of INDEPENDENT BANK CORP Common Stock at a price of $0.0000 per share. These shares were issued upon the vesting of a performance stock award previously granted to her by the company as part of equity-based compensation.

What are Kathryn O'Malley’s total INDB holdings after these transactions?

Following the reported Form 4 transactions, Kathryn O'Malley directly holds 11,891.3969 shares of INDEPENDENT BANK CORP Common Stock. This figure includes 400.0621 shares held in her 401(k) account, as specifically noted in the footnotes to the filing.

What does the tax-withholding transaction on the INDB Form 4 represent?

The tax-withholding transaction represents 186 shares of Common Stock delivered to Independent Bank Corp. at $74.0025 per share. According to the footnotes, this disposition was made solely to satisfy a tax withholding obligation tied to the vesting of a performance stock award.

Is the INDB Form 4 for new option exercises or only share awards?

The disclosed Form 4 relates to Common Stock issued from a vested performance stock award, not option exercises. The filing records 692 shares granted at no cost and 186 shares disposed for tax withholding, with no derivative securities listed in the derivative transaction summary.
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