Independent Bank (INDB) Director Gerard F. Nadeau Sells 5,307 Shares

What Happened Gerard F. Nadeau, a director of Independent Bank Corp. (INDB), sold 5,307 shares in open-market transactions on August 3, 2026. The weighted-average price reported is $84.69 per share (range $84.60–$84.805), producing gross proceeds of roughly $449,472. This was a sale (S), not a purchase.

Key Details

• Transaction date: 2026-08-03; Form filed 2026-08-05 (timely within the normal 2‑business‑day window).
• Price: weighted average $84.69; individual sale prices ranged from $84.60 to $84.805 (F1). The filer can provide a breakdown of shares sold at each price on request.
• Shares sold: 5,307; total proceeds ≈ $449,472.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes: F2 and F3 note certain shares are held in the filer’s name for the benefit of his daughter and son and include small DRIP issuances since the last Form 4; those DRIP transactions are exempt from Section 16 reporting and are not admission of beneficial ownership.

Context This filing documents an outright sale by a non-employee director. Sales can be routine (e.g., for diversification or personal liquidity) but do not by themselves indicate company performance; no 10b5‑1 plan or other trading plan is specified in the provided data.