Tengel Jeffrey J 4

What Happened

• Jeffrey J. Tengel, CEO of Independent Bank Corp. (INDB), disposed of 679 shares on Feb 16, 2026. The shares were surrendered to the company to satisfy a tax withholding obligation at a price of $82.91 per share, for a total value of $56,292. This was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-02-16
• Price per share: $82.91; Total value: $56,292
• Transaction code: F (shares disposed to satisfy tax withholding)
• Footnote: Shares were transferred back to Independent Bank Corp. to cover tax withholding (per filer footnote)
• Shares owned after the transaction: not disclosed in the provided filing
• Filing accession/date: Form filed 2026-02-19 (no late-filing flag indicated in the supplied data)

Context

• This type of transaction is a routine tax-withholding action (often tied to option exercises or vested awards) and does not necessarily signal a change in the insider’s view of the company. The shares were not sold in the open market; they were surrendered to cover taxes.