Powlus Lee C 4
4 · INDEPENDENT BANK CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Independent Bank (INDB) CAO Lee C. Powlus Receives 504-Share Award
What Happened
- Lee C. Powlus, Chief Administrative Officer of Independent Bank Corp. (INDB), acquired 504 shares on February 27, 2026. The transaction is reported as an award/acquisition under the company’s 401(k) Restoration Plan for a total reported value of $39,719 (weighted average price $78.81 per share).
Key Details
- Transaction date: 2026-02-27; filing date: 2026-03-02 (filed within the SEC’s required timeframe).
- Shares acquired: 504 at a weighted average price of $78.81; reported price range for the purchases: $78.745–$78.81 (see footnote F2).
- Consideration/total value reported: $39,719.
- Footnotes: F1 — shares acquired under the Company’s 401(k) Restoration Plan. F2 — weighted average price; filer can provide breakdown of shares purchased at each price in the range upon request.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
- This was an award/acquisition under a company retirement restoration plan (not an open-market buy or a sale). Such plan-related awards are typically routine compensation or benefit-restoration actions and do not necessarily signal the insider’s market view.
Insider Transaction Report
Form 4
Powlus Lee C
Chief Administrative Officer
Transactions
- Award
Common Stock
[F1][F2]2026-02-27$78.81/sh+504$39,719→ 7,294 total
Footnotes (2)
- [F1]Shares acquired under the Company's 401(k) Restoration Plan.
- [F2]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $78.745 through $78.81 per share, inclusive. The Filer undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
Signature
/s/ Maureen A. Gaffney, Power of Attorney for Lee C. Powlus|2026-03-02