Kessel William B 4

What Happened
William B. Kessel, President & CEO and a director of Independent Bank Corp (IBCP), disposed of 2,935 shares at $36.60 per share on February 6, 2026, for a total value of $107,421. The Form 4 reports the transaction code "F" — payment of exercise price or tax liability — meaning shares were surrendered/withheld to satisfy tax obligations associated with an equity award or option, not a discretionary open‑market sale.

Key Details

• Transaction date and price: 2,935 shares at $36.60 on 2026-02-06 (total ≈ $107,421).
• Transaction code: F (payment of exercise price or tax liability — shares withheld/disposed to cover taxes).
• Filing date: 2026-02-09 (filed within required timeframe; timely).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes/plan info: none reported in the provided summary (no 10b5-1 plan or special conditions noted).

Context
Tax-withholding disposals are a common administrative step when equity grants vest or options are exercised; they are typically routine and do not necessarily signal a change in the insider’s view of the company. Purchases or open-market sales are generally more informative about an insider’s market sentiment than withholding events.