Gerard F. Nadeau - 13 May 2021 Form 4 Insider Report for INDEPENDENT BANK CORP (INDB)

Signature
/s/ Maureen Gaffney, Power of Attorney for Gerard F. Nadeau
Issuer symbol
INDB
Transactions as of
13 May 2021
Net transactions value
-$115,726
Form type
4
Filing time
14 May 2021, 16:17:31 UTC
Next filing
10 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Sale $115,726 -1,500 -5.9% $77.15 23,811 13 May 2021 Direct F1
holding INDB Common Stock 230 13 May 2021 by Son F2
holding INDB Common Stock 228 13 May 2021 by Daughter F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $77.15 through $77.16 per share, inclusive. The reporting person undertakes to provide Independent Bank Corp., any security holder of Independent Bank Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2 Shares held in Filer's name f/b/o son. Holdings include 1.3532 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/16/21). Such transactions are exempt from the reporting requirements of Section 16 of the Securities Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the undersigned is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.
F3 Shares held in Filer's name f/b/o daughter. Holdings include 1.3414 shares received pursuant to the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/16/21). Such transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended. The filing of this statement should not be construed as an admission that the undersigned is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.