Form 4: INDB Officer Sells Shares for Tax Obligations

Independent Bank Corp.'s Chief Human Resources Officer, Maria S. Harris, disposed of 204 shares of common stock to cover tax withholding obligations.

Summary

• Maria S. Harris, Chief Human Resources Officer of Independent Bank Corp., reported the disposition of 204 shares of common stock.
• These dispositions occurred on February 16, 17, and 18, 2026, specifically to satisfy tax withholding obligations.
• The shares were sold at prices ranging from $82.905 to $83.895 per share.
• Following these transactions, Maria S. Harris beneficially owns 14,260.1045 shares of INDB common stock.
• Total holdings include 1,088.1045 shares held in a 401(k) account.
• An additional 69.472 shares were acquired through the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since March 20, 2025, which are exempt from Section 16 reporting requirements.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for insider compensation and tax management, with no significant positive or negative implications for the company's fundamentals or stock price.

Industry Context

StockSavvy.ai notes that routine insider dispositions for tax withholding are common and generally do not reflect a change in management's outlook on the company's performance or broader industry trends.

Related Party Transactions

• Disposition of shares by Maria S. Harris, Chief Human Resources Officer, to Independent Bank Corp. to satisfy tax withholding obligations, which is a transaction between an officer and the issuer.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, tax-related transaction by an insider and does not indicate a change in company fundamentals or strategy.

Key Dates

Recommendation

This Form 4 filing details a routine disposition of shares by an officer for tax withholding purposes, which is a common occurrence and typically not indicative of a change in the company's fundamental value or future prospects. It does not provide new information that would warrant a change in investment recommendation.

Keywords

INDB, Independent Bank Corp, Maria S. Harris, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Officer Transaction, Common Stock