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 March 31, 2024: Issuer Purchases of Equity Securities Total Number of Shares Purchased (1) Average Price Paid Per Share (2) 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 (3) Period January 1 to January 31, 2024 372,900 $ 59.59 372,900 $ 8,820,096 February 1 to February 29, 2024 171,477 $ 54.88 159,366 $ — March 1 to March 31, 2024 2,955 $ 49.44 — $ — Total 547,332 $ 58.06 532,266 (1) Of these shares, 12,111 shares and 2,955 shares were surrendered in February 2024 and March 2024, respectively, in connection with the vesting of equity compensation grants to satisfy related tax withholding obligations. (2) During the three months ended March 31, 2024, the average price per share of repurchased shares was $58.22 and the average price per share of surrendered shares related to tax withholding obligations was $52.50. (3) On October 19, 2023, the Company announced a stock buyback plan which authorized repurchases by the Company of up to $100 million in common stock. Repurchases under the plan were 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 532,266 shares repurchased under the program during the three months ended March 31, 2024 represented full completion of the program. 80 Table of Contents Item 3. Defaults Upon Senior Securities - None. Item 4. Mine Safety Disclosures - Not Applicable.