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

Role
President & CEO, Director
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol
IBCP
Transactions as of
Jan 26, 2024
Transactions value $
-$153,800
Form type
4
Date filed
1/30/2024, 10:53 AM
Previous filing
Dec 12, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBCP Common Stock Options Exercise +6.69K +4.94% 142K Jan 26, 2024 Direct F1
transaction IBCP Common Stock Tax liability -$80.3K -3.11K -2.19% $25.84 139K Jan 26, 2024 Direct
transaction IBCP Common Stock Tax liability -$73.5K -2.85K -2.05% $25.84 136K Jan 26, 2024 Direct
holding IBCP Common Stock 7.49K Jan 26, 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 -6.53K -100% $0.00* 0 Jan 26, 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.