Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-01

Independent Bank Corp (INDB)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,606,962
Jeffrey Tengel total, FY2025
54th
CEO pay percentile vs peers
49.8:1
CEO-to-median pay ratio
94.35%
Say-on-pay support, latest vote
Companies that benchmark against INDB
20 companies name INDB as a compensation peer

Each company listed discloses INDB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named INDB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeffrey Tengel$1,097,385$0$1,094,318$0$1,123,669$0$291,590$3,606,962
CEO and President
Mark Ruggiero612,9580430,1560516,8940145,1331,705,141
CFO and EVP of Consumer Lending
Lee Powlus470,9230306,2710312,015094,1011,183,310
EVP and Chief Administrative Officer
Patricia Natale460,8650282,1830295,317094,1691,132,534
EVP and General Counsel and Corporate Secretary
James Rizzo458,9160285,6240308,673073,9921,127,205
EVP and Chief Commercial Banking Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Jeffrey Tengel$3,606,962$2,924,622$5,213,225+682,340
Mark Ruggiero1,705,1411,476,4441,387,473+228,697
Lee Powlus1,183,310853,646+329,664
Patricia Natale1,132,534826,571+305,963
James Rizzo1,127,205743,448

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Mary L. LentzDirector2026-04-10A810$0$0CommonForm 4 ↗
Joseph C. LernerDirector2026-05-18D2,83277218,953CommonForm 4 ↗
Gerard F. NadeauDirector2026-05-19A84200CommonForm 4 ↗
Michael P. HoganDirector2026-05-19A84200CommonForm 4 ↗
Donna L. AbelliDirector2026-05-19A84200CommonForm 4 ↗
Thomas R. VenablesDirector2026-05-19A84200CommonForm 4 ↗
Daniel F. OBrienDirector2026-05-19A84200CommonForm 4 ↗
Susan Perry O'DayDirector2026-05-19A84200CommonForm 4 ↗
James O. MortonDirector2026-05-19A84200CommonForm 4 ↗
Leif O'LearyDirector2026-05-19A84200CommonForm 4 ↗
Kenneth S. AnsinDirector2026-05-19A84200CommonForm 4 ↗
Dawn PerryDirector2026-05-19A84200CommonForm 4 ↗
Eileen C. MiskellDirector2026-05-19A84200CommonForm 4 ↗
John J. MorrisseyDirector2026-05-19A84200CommonForm 4 ↗
Joseph C. LernerDirector2026-05-19A84200CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James RizzoRSU2025-02-202,500$172,063
Jeffrey TengelRSU2025-02-209,550657,279
Lee PowlusRSU2025-02-202,650182,386
James RizzoPSU2025-02-208251,6501,6503,300113,561
Jeffrey TengelPSU2025-02-203,1756,3506,35012,700437,039
Lee PowlusPSU2025-02-209001,8001,8003,600123,885
Patricia NatalePSU2025-02-208251,6501,6503,300113,561
Mark RuggieroPSU2025-02-201,2502,5002,5005,000172,063
Patricia NataleRSU2025-02-202,450168,621
Mark RuggieroRSU2025-02-203,750258,094
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Rizzo$172,063$113,561$039.8%
Jeffrey Tengel657,279437,039039.9%
Lee Powlus182,386123,885040.4%
Patricia Natale168,621113,561040.2%
Mark Ruggiero258,094172,063040.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James RizzoRSU360$26,309
Mark RuggieroRSU2,467180,288
Jeffrey TengelRSU6,467472,608
Mark RuggieroRSU19013,885
Mark RuggieroRSU3,750274,050
Lee PowlusRSU2,650193,662
Patricia NataleRSU33324,336
James RizzoRSU3,300241,164
Patricia NataleRSU2,450179,046
Patricia NataleRSU34024,847
Jeffrey TengelRSU12,900942,732
Lee PowlusRSU3,600263,088
Jeffrey TengelRSU12,700928,116
Jeffrey TengelRSU4,656344,556
Patricia NataleRSU1,10080,388
Mark RuggieroRSU91666,941
Patricia NataleRSU3,300241,164
Lee PowlusRSU2,500182,700
Mark RuggieroRSU70051,156
Mark RuggieroRSU5,000365,400
Jeffrey TengelRSU7,385539,696
James RizzoRSU2,500182,700
Lee PowlusRSU1,23490,181
James RizzoRSU1,13482,873
James RizzoRSU40029,232
James RizzoRSU19013,885
Patricia NataleRSU18013,154
Jeffrey TengelRSU9,550697,914
Jeffrey TengelRSU2,517183,942
James RizzoRSU2,300168,084
Patricia NataleRSU2,200160,776
Mark RuggieroRSU1,706126,248
James RizzoRSU73854,614
05

Incentive-plan design — the Compensation Discussion & Analysis

A significant portion of total compensation should vary with our performance in achieving financial and non-financial objectives; and Long-term incentive compensation should closely align with the interests of shareholders.

CEO STI target (% of salary)85%
CEO LTI target (% of salary)
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1435,991,0522,156,231124,98894.35%Passed
20252025-05-1531,913,8352,852,010213,41291.8%Passed
20242024-05-1631,858,3621,904,78590,61294.36%Passed
20232023-05-1832,526,6302,937,741115,80991.72%Passed
20222022-05-1935,069,9582,920,118106,03692.31%Passed
20202020-05-2124,937,8711,673,210186,18993.71%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1494.35%a
20252025-05-1591.8%b
20242024-05-1694.36%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and as such have no impact on the outcome of a proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and as such have no impact on the outcome of a proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast and as such have no impact on the outcome of a proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)49.8 : 1
CEO total compensation$3,606,962
Median employee compensation$72,498
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael P. HoganIndependent · Board Chair · Executive · Compensation$120,250$60,060$0$0$0$180,310
Donna L. AbelliIndependent · Compensation113,25060,060000173,310
Eileen C. MiskellIndependent · Audit (Chair) · Executive95,00060,060000155,060
Daniel F. O'BrienIndependent · Compensation (Chair) · Audit91,00060,060000151,060
John J. MorrisseyIndependent · Executive · Nominating/Governance91,00060,060000151,060
Thomas R. VenablesIndependent · Risk (Chair) · Trust (Chair) · Nominating/Governance (Chair)87,00060,060000147,060
Mary L. LentzIndependent · Audit · Departed during FY83,00060,060000143,060
James O. MortonIndependent · Risk (Chair) · Trust82,00060,060000142,060
Susan Perry O'DayIndependent · Nominating/Governance79,00060,060000139,060
Scott K. SmithIndependent · Risk · Nominating/Governance · Not standing for re-election71,50060,060000131,560
Dawn PerryIndependent · Trust · Partial-year service · Newly elected51,00060,060000111,060
Leif O'LearyIndependent · Risk · Partial-year service · Newly elected48,75060,060000108,810
Gerard F. NadeauNot independent37,62559,72200097,347
Joseph C. LernerIndependent · Audit · Partial-year service · Newly elected34,75059,72200094,472
Kenneth S. AnsinIndependent · Audit · Partial-year service · Newly elected34,12559,72200093,847
Aparna RameshIndependent · Departed during FY · Partial-year service16,25060,06000076,310
Jeffrey J. TengelEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$60,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)17,000 / 17,000 / 10,500
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,135,500
Equity awards (grant-date value)$959,946
All other compensation$0
Total cost of the board$2,095,446

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Independent Bank Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Independent Bank Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Customers Bancorp, Inc.2025Sam Sidhu$725,000$12,077,187$0$0$12,927,331
2United Bankshares, Inc.2025Richard Adams, Jr.1,131,7312,643,86502,199,1206,140,650
3Fulton Financial Corporation2025Curtis Myers1,016,9232,558,16201,469,3525,184,944
4WSFS Financial Corporation2025Rodger Levenson1,004,5002,562,29301,550,3125,173,260
5Eastern Bankshares, Inc.2025Denis Sheahan800,0003,371,297792,0005,069,867
6Atlantic Union Bankshares Corporation2025John Asbury1,018,8752,364,37301,526,1145,066,713
7Independent Bank Corp2025Jeffrey Tengel1,097,3851,094,31801,123,6693,606,962
8Provident Financial Services, Inc.2025Anthony Labozzetta998,0771,200,0001,111,9503,521,400
9Northwest Bancshares, Inc.2025Louis Torchio904,034999,99201,369,1003,396,755
10First Financial Bancorp.2025Archie Brown893,0101,294,8880803,4473,279,532
11OceanFirst Financial Corp.2025Christopher Maher995,0001,036,1590890,7463,124,340
12Community Financial System, Inc.2025Dimitar Karaivanov900,000805,467262,750793,1252,793,781
13Sandy Spring Bancorp, Inc.2023Daniel Schrider875,000787,5010386,4882,090,265
14Beacon Financial Corporation2025Paul Perrault333,333452,6840242,5001,284,440

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Independent Bank Corpnot disclosedPSU 57 · RSU 43NoMercer
Atlantic Union Bankshares Corporation149%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) - Relative to KBW Regional Banking IndexMeridian Compensation Partners, LLC
Beacon Financial Corporation100%RSU 100not disclosedMeridian Compensation Partners, LLC
Community Financial System, Inc.117%PSU 50 · RSU 25 · Options 25NoMeridian Compensation Partners, LLC
Customers Bancorp, Inc.122.05%PSU 60 · RSU 40NoAon Consulting, Inc.
Eastern Bankshares, Inc.110%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR) vs. KRX BanksPearl Meyer
First Financial Bancorp.100.4%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Fulton Financial Corporation144.49%PSU 65 · RSU 35Yes — Relative TSR to 2025 Peer GroupFrederic W. Cook & Co., Inc.
Northwest Bancshares, Inc.190%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)Pearl Meyer
OceanFirst Financial Corp.115%RSU 50 · PSU 50Yes — Relative 3-year Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Provident Financial Services, Inc.123.55%PSU 75 · RSU 25NoFrederic W. Cook & Co., Inc.
Sandy Spring Bancorp, Inc.50%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
United Bankshares, Inc.152%PSU 60 · RSU 40NoAon's Human Capital Solutions Practice
WSFS Financial Corporation154%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Independent Bank Corp in fiscal 2025?
The highest-paid executive at Independent Bank Corp in fiscal 2025 was Jeffrey Tengel, who served as CEO and President with total compensation of $3,606,962.
How does Independent Bank Corp's chief executive pay compare to its disclosed peer group?
The filing shows that the CEO's pay was at the 54th percentile of the disclosed peer group.
What is Independent Bank Corp's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 49.8:1.
How did shareholders vote on Independent Bank Corp's executive compensation?
Shareholders approved the executive compensation plan with 94.35% support in the latest vote.
How much does Independent Bank Corp spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 was $2,095,446.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeffrey TengelDEF 14A2026-03-260000776901-26-000079Section “Summary Compensation Table” · page 47. As printed: 3,606,962. Filing ↗machine: span 925147–925156
2Section 01, Mark RuggieroDEF 14A2026-03-260000776901-26-000079Section “Summary Compensation Table” · page 47. As printed: 1,705,141. Filing ↗machine: span 941191–941200
3Section 01, Lee PowlusDEF 14A2026-03-260000776901-26-000079Section “Summary Compensation Table” · page 47. As printed: 1,183,310. Filing ↗machine: span 971516–971525
4Section 01, Patricia NataleDEF 14A2026-03-260000776901-26-000079Section “Summary Compensation Table” · page 47. As printed: 1,132,534. Filing ↗machine: span 958075–958084
5Section 01, James RizzoDEF 14A2026-03-260000776901-26-000079Section “Summary Compensation Table” · page 47. As printed: 1,127,205. Filing ↗machine: span 984744–984753
6Section 03, James Rizzo RSUDEF 14A2026-03-260000776901-26-000079Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r30 · c7 · span 1266248–1266253
7Section 03, Jeffrey Tengel RSUDEF 14A2026-03-260000776901-26-000079Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r12 · c7 · span 1226481–1226486
8Section 03, Lee Powlus RSUDEF 14A2026-03-260000776901-26-000079Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r24 · c7 · span 1254968–1254973
9Section 03, James Rizzo PSUDEF 14A2026-03-260000776901-26-000079Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t153 · r29 · c14 · span 1264476–1264483
10Section 03, Jeffrey Tengel PSUDEF 14A2026-03-260000776901-26-000079Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t153 · r11 · c14 · span 1224965–1224972
11Section 03, Lee Powlus PSUDEF 14A2026-03-260000776901-26-000079Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t153 · r23 · c14 · span 1253677–1253684
12Section 03, Patricia Natale PSUDEF 14A2026-03-260000776901-26-000079Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t153 · r20 · c14 · span 1244709–1244716
13Section 03, Mark Ruggiero PSUDEF 14A2026-03-260000776901-26-000079Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t153 · r14 · c14 · span 1233938–1233945
14Section 03, Patricia Natale RSUDEF 14A2026-03-260000776901-26-000079Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r21 · c7 · span 1246225–1246230
15Section 03, Mark Ruggiero RSUDEF 14A2026-03-260000776901-26-000079Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t153 · r15 · c7 · span 1235229–1235234
16Section 07, pay ratioDEF 14A2026-03-260000776901-26-000079Section “CEO Pay Ratio”. As printed: 49.8 : 1. Filing ↗machine: span 807743–807749
17Section 08, Michael P. HoganDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 180,310. Filing ↗machine: t90 · r13 · c20 · span 504233–504240
18Section 08, Donna L. AbelliDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 173,310. Filing ↗machine: t90 · r11 · c20 · span 494423–494430
19Section 08, Eileen C. MiskellDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 155,060. Filing ↗machine: t90 · r16 · c20 · span 518946–518953
20Section 08, Daniel F. O'BrienDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 151,060. Filing ↗machine: t90 · r20 · c20 · span 538574–538581
21Section 08, John J. MorrisseyDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 151,060. Filing ↗machine: t90 · r17 · c20 · span 523853–523860
22Section 08, Thomas R. VenablesDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 147,060. Filing ↗machine: t90 · r26 · c20 · span 568684–568691
23Section 08, Mary L. LentzDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 143,060. Filing ↗machine: t90 · r14 · c20 · span 509135–509142
24Section 08, James O. MortonDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 142,060. Filing ↗machine: t90 · r18 · c20 · span 528757–528764
25Section 08, Susan Perry O'DayDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 139,060. Filing ↗machine: t90 · r21 · c20 · span 543486–543493
26Section 08, Scott K. SmithDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 131,560. Filing ↗machine: t90 · r25 · c20 · span 563104–563111
27Section 08, Dawn PerryDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 111,060. Filing ↗machine: t90 · r23 · c20 · span 553292–553299
28Section 08, Leif O'LearyDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 108,810. Filing ↗machine: t90 · r22 · c20 · span 548393–548400
29Section 08, Gerard F. NadeauDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 97,347. Filing ↗machine: t90 · r19 · c20 · span 533662–533668
30Section 08, Joseph C. LernerDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 94,472. Filing ↗machine: t90 · r15 · c20 · span 514040–514046
31Section 08, Kenneth S. AnsinDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 93,847. Filing ↗machine: t90 · r12 · c20 · span 499328–499334
32Section 08, Aparna RameshDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 76,310. Filing ↗machine: t90 · r24 · c20 · span 558198–558204
33Section 08, Jeffrey J. TengelDEF 14A2026-03-260000776901-26-000079Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, Mary L. Lentz 2026-04-10Form 42026-04-140000776901-26-000092Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Joseph C. Lerner 2026-05-18Form 42026-06-010001664511-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Gerard F. Nadeau 2026-05-19Form 42026-05-210001405590-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Michael P. Hogan 2026-05-19Form 42026-05-210001702557-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Donna L. Abelli 2026-05-19Form 42026-05-210001324401-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Thomas R. Venables 2026-05-19Form 42026-05-210001319127-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Daniel F. OBrien 2026-05-19Form 42026-05-210001323332-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Susan Perry O'Day 2026-05-19Form 42026-05-210001880117-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, James O. Morton 2026-05-19Form 42026-05-210001843166-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Leif O'Leary 2026-05-19Form 42026-05-210001679760-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Kenneth S. Ansin 2026-05-19Form 42026-05-210001282759-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Dawn Perry 2026-05-19Form 42026-05-210002062889-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Eileen C. Miskell 2026-05-19Form 42026-05-210001220109-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, John J. Morrissey 2026-05-19Form 42026-05-210001260134-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Joseph C. Lerner 2026-05-19Form 42026-05-210001664511-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
49Section 06, 2026 voteForm 8-K2026-05-140000776901-26-000107Item 5.07 · say-on-pay result. As reported: 94.35% (votes for as printed: 35,991,052). Filing ↗
50Section 06, 2025 voteForm 8-K2025-05-150000776901-25-000153Item 5.07 · say-on-pay result. As reported: 91.8% (votes for as printed: 31,913,835). Filing ↗
51Section 06, 2024 voteForm 8-K2024-05-160000776901-24-000109Item 5.07 · say-on-pay result. As reported: 94.36% (votes for as printed: 31,858,362). Filing ↗
52Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
53Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
54Section 09b board cost (computed)ComputedcomputedCash 1,135,500 + equity 959,946 + all other 0 = 2,095,446, summed across the director compensation table rows.machine: formula: Σ = 2,095,446
55Customers Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-140001488813-26-000048CEO total compensation as printed in Customers Bancorp, Inc.'s own proxy. As printed: 12,927,331. Filing ↗machine: r5 · c48 · span 1289091–1289101
56United Bankshares, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-135771CEO total compensation as printed in United Bankshares, Inc.'s own proxy. As printed: 6,140,650. Filing ↗machine: t103 · r4 · c39 · span 794259–794268
57Fulton Financial Corporation, Section 10b CEO totalDEF 14A2026-04-010001206774-26-000176CEO total compensation as printed in Fulton Financial Corporation's own proxy. As printed: 5,184,944. Filing ↗machine: r1 · c15 · span 682241–682250
58WSFS Financial Corporation, Section 10b CEO totalDEF 14A2026-04-020000828944-26-000009CEO total compensation as printed in WSFS Financial Corporation's own proxy. As printed: 5,173,260. Filing ↗machine: r2 · c7 · span 2047944–2047953
59Eastern Bankshares, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-126283CEO total compensation as printed in Eastern Bankshares, Inc.'s own proxy. As printed: 5,069,867. Filing ↗machine: span 693146–693155
60Atlantic Union Bankshares Corporation, Section 10b CEO totalDEF 14A2026-03-250001104659-26-034176CEO total compensation as printed in Atlantic Union Bankshares Corporation's own proxy. As printed: 5,066,713. Filing ↗machine: t223 · r5 · c14 · span 1303349–1303358
61Independent Bank Corp (subject), Section 10b CEO totalDEF 14A2026-03-260000776901-26-000079CEO total compensation as printed in Independent Bank Corp's own proxy. As printed: 3,606,962. Filing ↗machine: span 925147–925156
62Provident Financial Services, Inc., Section 10b CEO totalDEF 14A2026-04-080001308179-26-000226CEO total compensation as printed in Provident Financial Services, Inc.'s own proxy. As printed: 3,521,400. Filing ↗machine: r1 · c24 · span 586981–586990
63Northwest Bancshares, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148973CEO total compensation as printed in Northwest Bancshares, Inc.'s own proxy. As printed: 3,396,755. Filing ↗machine: t125 · r3 · c35 · span 546597–546606
64First Financial Bancorp., Section 10b CEO totalDEF 14A2026-04-160001104659-26-043973CEO total compensation as printed in First Financial Bancorp.'s own proxy. As printed: 3,279,532. Filing ↗machine: r1 · c48 · span 1395438–1395448
65OceanFirst Financial Corp., Section 10b CEO totalDEF 14A2026-04-270001308179-26-000348CEO total compensation as printed in OceanFirst Financial Corp.'s own proxy. As printed: 3,124,340. Filing ↗machine: t92 · r2 · c16 · span 561664–561673
66Community Financial System, Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011565CEO total compensation as printed in Community Financial System, Inc.'s own proxy. As printed: 2,793,781. Filing ↗machine: t320 · r3 · c25 · span 1364896–1364905
67Sandy Spring Bancorp, Inc., Section 10b CEO totalDEF 14A2024-04-100001193125-24-091479CEO total compensation as printed in Sandy Spring Bancorp, Inc.'s own proxy. As printed: 2,090,265. Filing ↗machine: r4 · c39 · span 916757–916766
68Beacon Financial Corporation, Section 10b CEO totalDEF 14A2026-04-020001628280-26-022949CEO total compensation as printed in Beacon Financial Corporation's own proxy. As printed: 1,284,440. Filing ↗machine: span 669887–669896
69Section 10a, Provident Financial Services, Inc. reciprocityDEF 14A0001308179-26-000226Provident Financial Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
70Section 10a, First Financial Bancorp. reciprocityDEF 14A0001104659-26-043973First Financial Bancorp.'s most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
71Section 10a, Northwest Bancshares, Inc. reciprocityDEF 14A0001193125-26-148973Northwest Bancshares, Inc. names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Fulton Financial Corporation reciprocityDEF 14A0001206774-26-000176Fulton Financial Corporation's most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
73Section 10a, Atlantic Union Bankshares Corporation reciprocityDEF 14A0001104659-26-034176Atlantic Union Bankshares Corporation's most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
74Section 10a, Eastern Bankshares, Inc. reciprocityDEF 14A0001193125-26-126283Eastern Bankshares, Inc. names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, WSFS Financial Corporation reciprocityDEF 14A0000828944-26-000009WSFS Financial Corporation names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, Beacon Financial Corporation reciprocityDEF 14A0001628280-26-022949Beacon Financial Corporation names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Community Financial System, Inc. reciprocityDEF 14A0001140361-26-011565Community Financial System, Inc.'s most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
78Section 10a, Sandy Spring Bancorp, Inc. reciprocityDEF 14A0001193125-24-091479Sandy Spring Bancorp, Inc. names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
79Section 10a, United Bankshares, Inc. reciprocityDEF 14A0001193125-26-135771United Bankshares, Inc.'s most recent proxy was read; its disclosed peer group does not include Independent Bank Corp. Filing ↗
80Section 10a, Customers Bancorp, Inc. reciprocityDEF 14A0001488813-26-000048Customers Bancorp, Inc. names Independent Bank Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗