GAFFNEY MAUREEN A. 4
4 · INDEPENDENT BANK CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
INDB Principal Accounting Officer Maureen Gaffney Sells Shares for Taxes
What Happened
- Maureen A. Gaffney, Principal Accounting Officer of Independent Bank Corp. (INDB), disposed of a total of 138 shares through share-withholdings to satisfy tax obligations. The disposals occurred over three dates: 71 shares at $82.91 on 2026-02-16 ($5,886), 32 shares at $83.89 on 2026-02-17 ($2,685), and 35 shares at $83.30 on 2026-02-18 ($2,916), totaling $11,487. These were not open-market sales but shares surrendered to the company to meet tax withholding.
Key Details
- Transaction dates and prices:
- 2026-02-16: 71 shares @ $82.91 = $5,886
- 2026-02-17: 32 shares @ $83.89 = $2,685
- 2026-02-18: 35 shares @ $83.30 = $2,916
- Total shares disposed: 138; total value: $11,487 (approx.)
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnote: F1 — shares were disposed to Independent Bank Corp. to satisfy a tax withholding obligation.
- Filing: Report filed 2026-02-19 covering transactions from 2026-02-16 to 2026-02-18; no late-filing flag noted in the supplied data.
Context
- These transactions were tax-withholding share surrenders (code F), a routine administrative step when equity awards vest or options are exercised. Such dispositions are common and do not necessarily indicate the insider’s view of the company's prospects.
Insider Transaction Report
Form 4
GAFFNEY MAUREEN A.
Principal Accounting Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-16$82.91/sh−71$5,886→ 6,203 total - Tax Payment
Common Stock
[F1]2026-02-17$83.89/sh−32$2,685→ 6,171 total - Tax Payment
Common Stock
[F1]2026-02-18$83.30/sh−35$2,916→ 6,136 total
Footnotes (1)
- [F1]Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
Signature
/s/ Maureen A. Gaffney|2026-02-19