Robert L. Herr - Nov 16, 2023 Form 4 Insider Report for MACATAWA BANK CORP (MCBC)

Role
Director
Signature
/s/ G. Charles Goode, By Power of Attorney
Stock symbol
MCBC
Transactions as of
Nov 16, 2023
Transactions value $
$0
Form type
4
Date filed
11/17/2023, 03:23 PM
Previous filing
Nov 14, 2022
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCBC Common Stock Award $0 +1.94K +7.7% $0.00 27.1K Nov 16, 2023 Direct F1
holding MCBC Common Stock 1K Nov 16, 2023 By spouse
* 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 16, 2024, and will be fully vested on November 16, 2026. Before vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.