Harris Maria S 4
4 · INDEPENDENT BANK CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) CHRO Maria S. Harris Sells Shares to Cover Taxes
What Happened
Maria S. Harris, Chief Human Resources Officer of Independent Bank Corp (INDB), disposed of a total of 204 shares to the company to satisfy tax withholding obligations related to equity compensation. The transactions were: 116 shares at $82.91 on 2026-02-16 ($9,617), 45 shares at $83.89 on 2026-02-17 ($3,775), and 43 shares at $83.30 on 2026-02-18 ($3,582). These were internal withholdings (routine tax-covering disposals), not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-16: 116 shares @ $82.91 — $9,617
- 2026-02-17: 45 shares @ $83.89 — $3,775
- 2026-02-18: 43 shares @ $83.30 — $3,582
- Total surrendered: 204 shares for approximately $16,974.
- Holdings after transaction: the Form 4 does not list a single total post-transaction number; footnotes state holdings include 1,088.1045 shares in the filer’s 401(k) (F2) and 69.472 shares acquired via the company’s DRIP since the last Form 4 (F3).
- Footnotes: F1 confirms the shares were delivered to Independent Bank to satisfy a tax withholding obligation (transaction code F). F2 and F3 explain portions of reported holdings.
- Filing timing: Form filed 2026-02-19 reporting transactions from 2026-02-16 to 2026-02-18; no late-filing flag is indicated.
Context
This was a tax-withholding disposition (shares surrendered back to the company) tied to equity compensation — a routine administrative action rather than a directional open-market sale. For retail investors, such withholdings are common and do not necessarily signal the insider’s view on the company’s prospects.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-02-16$82.91/sh−116$9,617→ 14,348.105 total - Tax Payment
Common Stock
[F1][F2][F3]2026-02-17$83.89/sh−45$3,775→ 14,303.105 total - Tax Payment
Common Stock
[F1][F2][F3]2026-02-18$83.30/sh−43$3,582→ 14,260.105 total
Footnotes (3)
- [F1]Disposition of shares by the Filer to Independent Bank Corp. to satisfy a tax withholding obligation.
- [F2]Total Holdings include 1,088.1045 shares held in the Filer's 401(k) account.
- [F3]Holdings include 69.472 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/20/2025), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.