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

Role: Executive Vice President
Signature: s/Darcy J. Benjamin, Attorney-in-Fact
Issuer symbol: IBCP
Transactions as of: 26 Jan 2024
Transactions value $: -$94,574
Form type: 4
Filing time: 30 Jan 2024, 15:12:43 UTC
Previous filing: 07 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		+2.69K	+8.15%		35.7K	26 Jan 2024	Direct	F1
transaction	IBCP	Common Stock	Tax liability	-$34K	-1.32K	-3.68%	$25.84	34.4K	26 Jan 2024	Direct
transaction	IBCP	Common Stock	Tax liability	-$60.6K	-2.35K	-6.82%	$25.84	32.1K	26 Jan 2024	Direct
holding	IBCP	Common Stock						1.3K	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	-2.63K	-100%	$0.00^*	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.