Harris Maria S 4

What Happened

• Maria S. Harris, Chief Human Resources Officer at Independent Bank Corp (INDB), had 784 shares issued to her on 2026-03-12 pursuant to the vesting of a performance stock award (transaction code A). On the same day she disposed of 211 shares back to the company to satisfy a tax withholding obligation (transaction code F) at $74.00 per share, totaling $15,615.
• Net effect: Harris received 784 shares and surrendered 211 shares, a net increase of 573 shares.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (filed within SEC timing requirements).
• Award: 784 shares issued (reported acquisition price $0.00 on the Form 4 as an issued award).
• Tax withholding disposition: 211 shares disposed at $74.00 each = $15,615.
• Net change: +573 shares (784 granted − 211 withheld).
• Holdings note: Filing footnote states total holdings include 1,091.0831 shares held in the filer’s 401(k) account; the Form 4 notes the 211-share disposition was to the company to satisfy tax withholding.
• Transaction codes: A = award/grant; F = tax withholding disposition (not an open-market sale).

Context

• This is a routine vesting of a performance-based award with a common share surrender to the employer to cover taxes. The sale of 211 shares was for tax withholding and not an open-market sale, so it should not be read as a directional market signal.
• For retail investors, awards indicate compensation-related share issuance rather than a direct purchase or sale decision by the insider.