Mark J. Ruggiero - Feb 15, 2023 Form 4 Insider Report for INDEPENDENT BANK CORP (INDB)

Role
CFO & Principal Acct Officer
Signature
/s/ Maureen Gaffney, Power of Attorney for Mark J. Ruggiero
Stock symbol
INDB
Transactions as of
Feb 15, 2023
Transactions value $
$37,406
Form type
4
Date filed
2/17/2023, 03:28 PM
Previous filing
Mar 1, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Tax liability -$3.22K -40 -0.63% $80.54 6.34K Feb 15, 2023 Direct F1
transaction INDB Common Stock Award $0 +2.75K +43.38% $0.00 9.09K Feb 16, 2023 Direct F1, F2
transaction INDB Common Stock Award $40.6K +502 +5.52% $80.93 9.59K Feb 16, 2023 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Holdings include 11.1775 shares acquired as a result of participation in the Independent Bank Corp. 2014 Dividend Reinvestment and Stock Purchase Plan since the last Form 4 filing (3/1/22), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
F2 Independent Bank Corp. awarded Time Vesting Restricted Stock to the Filer.
F3 Shares acquired under the Company's 401(k) Restoration Plan.
F4 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $80.91 through $80.96 per share, inclusive. The Filer 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 (4) to this Form 4.