Stefanie M. Kimball - 26 Jan 2024 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
Executive Vice President
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol
IBCP
Transactions as of
26 Jan 2024
Net transactions value
-$63,592
Form type
4
Filing time
30 Jan 2024, 15:46:09 UTC
Previous filing
01 Aug 2023
Next filing
08 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 +2,874 +4.7% 63,436 26 Jan 2024 Direct F1
transaction IBCP Common Stock Tax liability $32,610 -1,262 -2% $25.84 62,174 26 Jan 2024 Direct
transaction IBCP Common Stock Tax liability $30,982 -1,199 -1.9% $25.84 60,975 26 Jan 2024 Direct
holding IBCP Common Stock 5,593 26 Jan 2024 By ESOP
holding IBCP Common Stock 230 26 Jan 2024 By IRA

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 +2,804 $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.