William B. Kessel - 26 Jan 2024 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
President & CEO, Director
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol
IBCP
Transactions as of
26 Jan 2024
Net transactions value
-$153,800
Form type
4
Filing time
30 Jan 2024, 10:53:30 UTC
Previous filing
12 Dec 2023
Next filing
07 Feb 2024
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 +6,689 +4.9% 142,056 26 Jan 2024 Direct F1
transaction IBCP Common Stock Tax liability $80,285 -3,107 -2.2% $25.84 138,949 26 Jan 2024 Direct
transaction IBCP Common Stock Tax liability $73,515 -2,845 -2% $25.84 136,104 26 Jan 2024 Direct
holding IBCP Common Stock 7,490 26 Jan 2024 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 -6,525 -100% $0.000000* 0 26 Jan 2024 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.