O'MALLEY KATHRYN 4

What Happened
Kathryn O'Malley, Chief Credit Officer of Independent Bank Corp. (INDB), disposed of 196 shares across three transactions as shares were surrendered to the company to satisfy tax-withholding obligations related to equity awards. The dispositions were: 103 shares at $82.91 on 2026-02-16 ($8,539), 48 shares at $83.89 on 2026-02-17 ($4,027), and 45 shares at $83.30 on 2026-02-18 ($3,749). Total proceeds (i.e., value of shares surrendered) were about $16,315. These were not open-market sales but tax-withholding share surrenders.

Key Details

• Transaction dates and prices:
  • 2026-02-16: 103 shares @ $82.91 = $8,539
  • 2026-02-17: 48 shares @ $83.89 = $4,027
  • 2026-02-18: 45 shares @ $83.30 = $3,749
• Total shares disposed: 196; total value ≈ $16,315.
• Footnote F1: Shares were surrendered to Independent Bank to satisfy a tax withholding obligation (transaction code F).
• Footnotes on holdings:
  • F2: Total holdings include 397.8208 shares in the filer’s 401(k).
  • F3: Holdings include 34.5977 shares acquired via the company’s dividend reinvestment plan since the last Form 4.
• Filing timeliness: No late filing flag indicated in the provided data.

Context
This is a routine tax-withholding disposition (sometimes called a "sell-to-cover" or share surrender) tied to equity compensation—not an open-market sale expressing a view on the stock. For retail investors, purchases are typically more informative as bullish signals; tax-withholding disposals are common administrative actions after option exercises or vesting.