Vanguard Group Discloses Zero Ownership in Independent Bank Corp Following Internal Realignment

The Vanguard Group filed a Schedule 13G/A amendment on March 27, 2026, disclosing that it no longer holds any shares of Independent Bank Corp common stock. This filing reflects a significant change from previous ownership of 5,873,661 shares valued at approximately $429 million. The zero ownership position results from an internal realignment that occurred on January 12, 2026, where certain subsidiaries and business divisions of The Vanguard Group now report beneficial ownership separately from the parent company. According to SEC Release No. 34-39538, these subsidiaries pursue the same investment strategies but now report on a disaggregated basis. The Vanguard Group certifies that the securities were acquired and held in the ordinary course of business and not for influencing control of the issuer. This represents a complete divestment of Vanguard's previous position in Independent Bank Corp.