Jon Swets - Nov 9, 2022 Form 4 Insider Report for MACATAWA BANK CORP (MCBC)

Role
Chief Financial Officer
Signature
/s/ G. Charles Goode, By Power of Attorney
Stock symbol
MCBC
Transactions as of
Nov 9, 2022
Transactions value $
$0
Form type
4
Date filed
11/14/2022, 09:06 AM
Previous filing
Dec 1, 2021
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCBC Common Stock Award $0 +7.6K +5.75% $0.00 140K Nov 9, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reports the grant of shares of restricted stock under the Macatawa Bank Corporation Stock Incentive Plan of 2015 ("Plan"). These shares will vest at the rate of one-third each year beginning on November 9, 2023, and will be fully vested on November 9, 2025. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.