Mark J. Ruggiero - Feb 15, 2024 Form 4 Insider Report for INDEPENDENT BANK CORP (INDB)

Signature
/s/ Maureen A. Gaffney, Power of Attorney for Mark J. Ruggiero
Stock symbol
INDB
Transactions as of
Feb 15, 2024
Transactions value $
$49,558
Form type
4
Date filed
2/20/2024, 04:39 PM
Previous filing
May 1, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Award $70.5K +1.32K +11.97% $53.60 12.3K Feb 15, 2024 Direct F1, F2, F3
transaction INDB Common Stock Tax liability -$13.2K -247 -2.01% $53.37 12.1K Feb 16, 2024 Direct F3
transaction INDB Common Stock Tax liability -$5.02K -94 -0.78% $53.37 12K Feb 17, 2024 Direct F3
transaction INDB Common Stock Tax liability -$2.72K -51 -0.43% $53.37 11.9K Feb 18, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired under the Company's 401(k) Restoration Plan.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $53.35 through $53.965 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 (2) to this Form 4.
F3 Holdings include 30.8678 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 (5/1/2023), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.