GAFFNEY MAUREEN A. 4

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.