Nadeau Gerard F 4

What Happened
Gerard F. Nadeau, a director of Independent Bank Corp. (INDB), was granted 842 restricted shares on 2026-05-19. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (filing lists acquisition value $0). According to the filing, the restricted shares immediately vested on the grant date.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (appears timely within the standard two-business-day reporting window).
• Transaction type: Award/Grant (A); 842 shares acquired at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote F1: Award made under the Independent Bank Corp. 2018 Non-Employee Director Stock Plan; transaction exempt under Rule 16b-3(d). Shares immediately vested.
• Footnotes F2 & F3: Notes that certain shares are held in the filer’s name for the benefit of his daughter and son and that 2.1821 and 2.2013 shares, respectively, were received via the company’s Dividend Reinvestment and Stock Purchase Plan since the last Form 4 (03/16/2026). Those DRIP transactions are exempt from Section 16 reporting; the filer disclaims that these amounts necessarily indicate beneficial ownership for Section 16 purposes.

Context
This was a grant of restricted stock to a non-employee director that vested immediately — a routine form of director compensation, reported as an exempt Rule 16b-3(d) transaction. Because no cash was paid, the filing shows acquisition value $0; the filing does not state the market value of the shares or the director’s total INDB holdings after the grant.