RIZZO JAMES T. 4

What Happened

• James T. Rizzo, Chief Commercial Banking Officer of INDEPENDENT BANK CORP (INDB), disposed of a total of 207 shares as share surrender to cover tax withholding related to equity compensation. The disposals occurred in three tranches: 108 shares @ $82.91 (2/16) for $8,954; 48 shares @ $83.89 (2/17) for $4,027; and 51 shares @ $83.30 (2/18) for $4,248 — total value ≈ $17,229. This was a tax-withholding share surrender (not an open-market sale).

Key Details

• Transaction dates/prices/values:
  • 2026-02-16: 108 shares @ $82.91 = $8,954
  • 2026-02-17: 48 shares @ $83.89 = $4,027
  • 2026-02-18: 51 shares @ $83.30 = $4,248
• Total disposed: 207 shares for ≈ $17,229.
• Shares owned after transaction: not disclosed in the provided Form 4.
• Footnote: F1 — shares were disposed to Independent Bank Corp. to satisfy a tax withholding obligation (share surrender / sell-to-cover).
• Filing timeliness: Form 4 was filed 2026-02-19. Because the earliest disposition occurred 2026-02-16, that item appears to have been reported after the SEC's typical two-business-day Form 4 deadline.

Context

• This was a routine tax-withholding transaction tied to equity compensation (a share surrender), not an open-market sale signaling a decision to liquidate holdings. Such “sell-to-cover” actions are common when options vest or restricted shares vest and are used solely to meet tax obligations.