Nadeau Gerard F 4

What Happened Gerard F. Nadeau, a director of Independent Bank Corp. (INDB), had 1,337 shares issued to him on 2026-03-12 upon vesting of a performance stock award (code A). To satisfy the related tax withholding, 360 of those shares were disposed back to the company at $74.00 per share for a total of $26,641 (code F). The award shares were issued at $0.00 (no purchase price).

Key Details

• Transaction dates: 2026-03-12 (award vest and tax-withholding disposition); Form 4 filed 2026-03-16.
• Award: 1,337 shares issued pursuant to vesting of a performance stock award.
• Tax withholding: 360 shares disposed to Independent Bank at $74.00/share, totaling $26,641, to satisfy withholding obligations.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) shares issued on vest; (F2) shares surrendered to the company for tax withholding; (F3/F4) some shares are held in the filer’s name for his daughter and son (filing notes that this should not be construed as admission of beneficial ownership).
• No late-filing flag indicated in the provided data.

Context This was a vesting of a performance award with a routine sell-to-cover (tax withholding) rather than an open-market sale. Such dispositions to the company to satisfy tax obligations are common and typically reflect tax mechanics, not a directional view on the stock.