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

Role
Director
Signature
/s/ Maureen Gaffney, Power of Attorney for John J. Morrissey
Issuer symbol
INDB
Transactions as of
15 Sep 2023
Net transactions value
+$18.14
Form type
4
Filing time
19 Sep 2023, 16:09:36 UTC
Previous filing
25 May 2023
Next filing
07 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Options Exercise $177,400 +5,000 +43% $35.48 16,764 15 Sep 2023 Direct F1
transaction INDB Common Stock Tax liability $177,382 -3,428 -20% $51.74 13,336 15 Sep 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 -5,000 -100% $0.000000* 0 15 Sep 2023 Common Stock 5,000 $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.