James J. Twarozynski - 26 Jan 2024 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role: Senior Vice President
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol: IBCP
Transactions as of: 26 Jan 2024
Net transactions value: -$21,835
Form type: 4
Filing time: 30 Jan 2024, 17:23:07 UTC
Previous filing: 28 Feb 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		+235	+2.6%		9,344	26 Jan 2024	Direct	F1
transaction	IBCP	Common Stock	Tax liability	$2,662	-103	-1.1%	$25.84	9,241	26 Jan 2024	Direct
transaction	IBCP	Common Stock	Tax liability	$19,173	-742	-8%	$25.84	8,499	26 Jan 2024	Direct
holding	IBCP	Common Stock						3,496	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	-230	-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.