Joel F. Rahn - Feb 6, 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: Feb 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/7/2023, 10:54 AM
Previous filing: Jan 23, 2023
Next filing: Jan 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IBCP	Common Stock	Award	$0	+2.43K	+16.6%	$0.00	17.1K	Feb 6, 2023	Direct
holding	IBCP	Common Stock						593	Feb 6, 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	Award	$0	+2.43K		$0.00	2.43K	Feb 6, 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.