James J. Twarozynski - 21 Jan 2023 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role: Senior Vice President
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol: IBCP
Transactions as of: 21 Jan 2023
Net transactions value: -$8,539
Form type: 4
Filing time: 23 Jan 2023, 15:43:54 UTC
Previous filing: 29 Jul 2022
Next filing: 07 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IBCP	Common Stock	Options Exercise		+194	+2.3%		8,603	21 Jan 2023	Direct	F1
transaction	IBCP	Common Stock	Tax liability	$2,123	-91	-1.1%	$23.33	8,512	21 Jan 2023	Direct
transaction	IBCP	Common Stock	Tax liability	$6,416	-275	-3.2%	$23.33	8,237	21 Jan 2023	Direct
holding	IBCP	Common Stock						4,256	21 Jan 2023	By ESOP

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	-195	-100%	$0.000000^*	0	21 Jan 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.