NATALE PATRICIA M 4

What Happened
Patricia M. Natale, General Counsel of Independent Bank Corp. (INDB), was awarded 2,350 time‑vesting restricted shares on 2026-02-19 (award price $0.00). To satisfy the related tax withholding, she transferred (disposed) 220 shares on 2026-02-20 for $82.40 each (reported value $18,127) and 148 shares on 2026-02-22 for $82.40 each (reported value $12,195). The net cash value of the withheld shares is about $30,322; the award itself is a grant rather than an open‑market purchase.

Key Details

• Transaction dates and values:
  • 2026-02-19: Awarded 2,350 shares (Time‑vesting restricted stock), acquisition price $0.00.
  • 2026-02-20: 220 shares transferred to INDB to satisfy tax withholding at $82.40 each (value reported $18,127).
  • 2026-02-22: 148 shares transferred to INDB to satisfy tax withholding at $82.40 each (value reported $12,195).
• Shares disposed to satisfy taxes: 368 total shares.
• Footnotes in filing:
  • F1: Award was Time Vesting Restricted Stock.
  • F2: Dispositions were transfers back to Independent Bank to satisfy tax withholding.
• Shares owned after the transactions: not specified in the filing.
• Filing date: Form 4 filed 2026-02-23 covering transactions from 2026-02-19 through 2026-02-22; the report does not indicate a late‑filing flag.

Context
This was primarily a compensation award (A = award/grant). The subsequent transfers (F = tax withholding) are routine — shares were surrendered to the company to cover tax obligations, not sold on the open market. Such tax‑withholding dispositions are common and do not necessarily signal the insider’s sentiment about the stock.