Stodolak Michael Joseph 4

What Happened
Michael Joseph Stodolak, Executive Vice President of Independent Bank Corp (IBCP), had 350 shares withheld on Feb 6, 2026 to satisfy tax withholding obligations related to an equity transaction. The shares were valued at $36.60 each, for a total of $12,810. This was not an open-market sale but a tax withholding (transaction code F).

Key Details

• Transaction date: 2026-02-06
• Action/type: Payment of tax liability via share withholding (Code F)
• Shares withheld/disposed: 350 shares at $36.60 per share
• Total value: $12,810 (proceeds/withholding value)
• Filing date: 2026-02-09 (filed within the typical two-business-day Form 4 window)
• Shares owned after transaction: Not specified in this filing
• 10b5-1 / plan disclosure: No 10b5-1 trading plan or other plan disclosed in this Form 4

Context
This transaction represents shares withheld to cover tax obligations (commonly seen after option exercises or vesting events), not an independent decision to sell shares on the open market. Tax-withholding dispositions are routine and generally reflect tax settlement rather than a signal of the insider’s view on the company's stock.