Ervin Patrick J 4

What Happened

• Patrick J. Ervin, Executive Vice President of Independent Bank Corp (IBCP), surrendered 1,174 shares on Feb 6, 2026 to satisfy a tax obligation. The shares were disposed at $36.60 each, for a total value of $42,968. This transaction is reported on Form 4 with transaction code F (payment of exercise price or tax liability), indicating a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-02-06
• Filing date: 2026-02-09 (Accession: 0001725163-26-000002)
• Shares disposed: 1,174 at $36.60 per share
• Total value of disposed shares: $42,968
• Transaction code: F — payment of exercise price or tax liability (share surrender/withholding)
• Shares owned after transaction: Not specified in the provided filing
• No indication in the filing that this was part of a 10b5-1 plan; filing does not show lateness

Context

• Code F transactions usually reflect withholding/surrender of shares to cover taxes from an equity award or option exercise (a form of "cashless" settlement). These are routine administrative actions and do not necessarily indicate the insider's view of the company's prospects. For a fuller picture, check related filings (option exercises, grants or the company’s proxy).