Powlus Lee C 4

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.