John J. Morrissey - Sep 15, 2023 Form 4 Insider Report for INDEPENDENT BANK CORP (INDB)

Role
Director
Signature
/s/ Maureen Gaffney, Power of Attorney for John J. Morrissey
Stock symbol
INDB
Transactions as of
Sep 15, 2023
Transactions value $
$18
Form type
4
Date filed
9/19/2023, 04:09 PM
Previous filing
May 25, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Options Exercise $177K +5K +42.5% $35.48 16.8K Sep 15, 2023 Direct F1
transaction INDB Common Stock Tax liability -$177K -3.43K -20.45% $51.75 13.3K Sep 15, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INDB Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -5K -100% $0.00* 0 Sep 15, 2023 Common Stock 5K $35.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Holdings include 141.7224 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 (5/25/2023), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
F2 Granted from the Independent Bank Corp. 2010 Non-Employee Director Stock Plan. 1,667 options immediately vested and were fully exercisable; 1,667 options became vested and fully exercisable on January 2, 2014; and 1,666 options became vested and fully exercisable on January 2, 2015.