(IBCP)

Role: Director
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol: IBCP
Transactions as of: Feb 24, 2023
Transactions value $: $19,076
Form type: 4
Date filed: 4/4/2023, 10:16 AM
Previous filing: Jan 4, 2023
Next filing: Mar 20, 2023

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	Phantom Stock Units	Award	$2.83K	+126	+1.03%	$22.37	12.4K	Feb 24, 2023	Common Stock	126		Direct	F1
transaction	IBCP	Phantom Stock Units	Award	$16.2K	+1.02K	+8.18%	$15.99	13.4K	Apr 1, 2023	Common Stock	1.02K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.
F2	The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director. The number of the units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the Issuer's Common Stock on the effective date of the deferral.

Content

The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director. The number of the units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the Issuer's Common Stock on the effective date of the deferral.