Independent Bank (NASDAQ: INDB) CAO gains 504 shares via 401(k) plan

Rhea-AI Filing Summary

Independent Bank Corp.'s Chief Administrative Officer, Lee C. Powlus, acquired 504 shares of common stock under the company's 401(k) Restoration Plan at a weighted average price of about $78.81 per share. This increased his directly held stake to 7,294 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Powlus Lee C

Role Chief Administrative Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	504	$78.8073	$40K

Holdings After Transaction: Common Stock — 7,294 shares (Direct)

Footnotes (1)

1. Shares acquired under the Company's 401(k) Restoration Plan. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $78.745 through $78.81 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

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^*

Powlus Lee C

(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 Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		A		504(1)	A	$78.8073(2)	7,294	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 acquired under the Company's 401(k) Restoration Plan.

2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $78.745 through $78.81 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.

Remarks:

	/s/ Maureen A. Gaffney, Power of Attorney for Lee C. Powlus	03/02/2026
	** 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 report for Lee C. Powlus?

Independent Bank Corp. reported that Chief Administrative Officer Lee C. Powlus acquired 504 shares of common stock under the company’s 401(k) Restoration Plan, increasing his directly held position to 7,294 shares, according to a recent insider ownership disclosure.

How many Independent Bank Corp. (INDB) shares were acquired and at what price?

Lee C. Powlus acquired 504 shares of Independent Bank Corp. common stock. The weighted average price for these shares was $78.8073 each, based on multiple transactions executed within a price range between $78.745 and $78.81 per share, as disclosed in the transaction details.

What is Lee C. Powlus’s total INDB share ownership after this transaction?

After this award, Lee C. Powlus directly holds 7,294 shares of Independent Bank Corp. common stock. This total reflects the addition of 504 shares acquired through the company’s 401(k) Restoration Plan, as specified in the reported insider transaction information.

Through what plan were the new INDB shares for Lee C. Powlus acquired?

The 504 Independent Bank Corp. shares were acquired under the company’s 401(k) Restoration Plan. This indicates the shares were obtained via a compensation-related retirement plan arrangement rather than a standard open-market purchase, based on the accompanying footnote explanation.

How was the transaction price for the INDB insider acquisition calculated?

The reported transaction price of $78.8073 per Independent Bank Corp. share is a weighted average. The filing notes that shares were purchased in multiple trades at prices ranging from $78.745 to $78.81 per share, with full price breakdowns available on request.