Stefanie M. Kimball - Jan 21, 2023 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
Executive Vice President
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol
IBCP
Transactions as of
Jan 21, 2023
Transactions value $
-$52,119
Form type
4
Date filed
1/23/2023, 03:09 PM
Previous filing
May 18, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBCP Common Stock Options Exercise +2.38K +3.97% 62.3K Jan 21, 2023 Direct F1
transaction IBCP Common Stock Tax liability -$26K -1.12K -1.79% $23.33 61.1K Jan 21, 2023 Direct
transaction IBCP Common Stock Tax liability -$26.1K -1.12K -1.83% $23.33 60K Jan 21, 2023 Direct
holding IBCP Common Stock 5.13K Jan 21, 2023 By ESOP
holding IBCP Common Stock 230 Jan 21, 2023 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IBCP Performance Right Options Exercise $0 -2.39K -100% $0.00* 0 Jan 21, 2023 Common Stock Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Right (PSU) represents a contingent right to receive not more than two (2) shares of Issuer Common Stock, based upon the total shareholder return of Issuer's Common Stock, relative to its peer group index.