Harris Maria S, Senior Vice President at Independent Bank Corp. (INDB), has demonstrated a consistent pattern of selling activity over the past three years, with no recorded purchases in SEC Form 4 filings. Since 2024, Harris has executed 24 transactions exclusively involving INDB shares, all coded as sales ("F") or awards ("A"), totaling $130,275 in gross proceeds. The sales, typically clustered in February and March each year, suggest a structured disposition strategy, possibly tied to vesting schedules or planned liquidity events. Notably, the largest single sale occurred on March 12, 2026, valued at $15,614, while smaller transactions—such as the $1,852 sale on February 21, 2024—appear to follow a recurring cadence.
The absence of buying activity and the repeated timing of sales indicate a disciplined approach to reducing exposure to INDB stock. Transaction values have generally increased year-over-year, with 2026 sales averaging higher than those in 2024 and 2025. For instance, Harris sold $37,558 across seven transactions in February 2026 alone, compared to $15,725 over the same period in 2024. The pattern reflects a clear directional bias toward divestment, though the consistent holding of awards (marked with $0 value) suggests retained equity interests. All activity remains confined to INDB, with no diversification into other securities.
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