Matthew J. Missad - 15 Feb 2024 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
02 Apr 2024, 11:29:16 UTC
Prior SEC filing
12 Jan 2024
Next SEC filing
21 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
s/Darcy J. Benjamin, Attorney-in-Fact

Key filing fact

Matthew J. Missad filed Form 4 for INDEPENDENT BANK CORP /MI/ (IBCP) on 02 Apr 2024.

Key facts

  • This page summarizes Matthew J. Missad's Form 4 filing for INDEPENDENT BANK CORP /MI/ (IBCP).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 02 Apr 2024, 11:29.

Change

  • Previous filing in this sequence was filed on 12 Jan 2024.
  • Current net transaction value: +$8,230.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IBCP transaction Derivative

Phantom Stock Units

Award

Transaction value
$4,829
Shares
+192
Change %
+0.96%
Price
$25.10
Shares after
20,313
Date
15 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
192
Exercise price
Footnotes
F1
IBCP transaction Derivative

Phantom Stock Units

Award

Transaction value
$3,401
Shares
+149
Change %
+0.73%
Price
$22.82
Shares after
20,462
Date
01 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
149
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.

Footnote F2

The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director. The number of the units credited to a participant's account is determined by dividing the accrual amount by 90% of the fair market value of the Issuer's Common Stock on the effective date of the deferral.

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