William B. Kessel - 19 Feb 2025 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: 19 Feb 2025
Net transactions value: -$137,650
Form type: 4
Filing time: 21 Feb 2025, 10:15:11 UTC
Previous filing: 05 Feb 2025
Next filing: 05 Feb 2026
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		+9,082	+6.2%		154,486	19 Feb 2025	Direct	F1
transaction	IBCP	Common Stock	Tax liability	$137,650	-3,960	-2.6%	$34.76	150,526	19 Feb 2025	Direct
holding	IBCP	Common Stock						8,486	19 Feb 2025	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	-5,088	-100%	$0.000000	0	19 Feb 2025	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.