Mark J. Ruggiero - 20 Feb 2025 Form 4 Insider Report for INDEPENDENT BANK CORP (INDB)

Signature
/s/ Maureen A. Gaffney, Power of Attorney for Mark J. Ruggiero
Issuer symbol
INDB
Transactions as of
20 Feb 2025
Net transactions value
+$65,704
Form type
4
Filing time
21 Feb 2025, 17:28:17 UTC
Previous filing
18 Mar 2024
Next filing
24 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INDB Common Stock Award $65,704 +946 +5.5% $69.46 18,118 20 Feb 2025 Direct F1, F2, F3
transaction INDB Common Stock Award $0 +3,750 +21% $0.000000 21,868 20 Feb 2025 Direct F3, F4
* 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 $69.35 through $69.50 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 100.3273 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 (3/18/2024), which transactions are exempt from the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended.
F4 Independent Bank Corp. awarded Time Vesting Restricted Stock to the Filer.