INDEPENDENT BANK CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Not applicable. (b) Not applicable. (c) The following table sets forth information regarding the Company’s repurchases of its common stock during the three months ended September 30, 2023: 91 Table of Contents Issuer Purchases of Equity Securities Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Maximum Number of Shares (or Approximate Dollar Value) That May Yet Be Purchased Under the Plan or Program Period July 1 to July 31, 2023 377 $ 46.17 — $ — August 1 to August 31, 2023 170 $ 53.47 — $ — September 1 to September 30, 2023 3,428 $ 51.75 — $ — Total 3,975 $ 51.29 — (1) These shares were surrendered in connection with the exercise and/or vesting of equity compensation grants to satisfy exercise price and/or related tax withholding obligations. On October 19, 2023, the Company also announced a stock buyback plan which authorizes repurchases by the Company of up to $100 million in common stock. Repurchases under the plan may be made from time to time on the open market and in privately negotiated transactions, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act. The extent to which the Company repurchases shares and the size and timing of these repurchases will depend on a variety of factors, including pricing, market and economic conditions, the Company’s capital position and amount of retained earnings and legal and contractual requirements. The repurchase plan is scheduled to expire October 18, 2024 and may be modified, suspended or discontinued without prior notice at any time. Item 3. Defaults Upon Senior Securities - None. Item 4. Mine Safety Disclosures - Not Applicable.