Larry R. Daniel Jr - Feb 19, 2025 Form 4 Insider Report for INDEPENDENT BANK CORP /MI/ (IBCP)

Role
Executive Vice President
Signature
s/Darcy J. Benjamin, Attorney-in-Fact
Stock symbol
IBCP
Transactions as of
Feb 19, 2025
Transactions value $
-$39,974
Form type
4
Date filed
2/21/2025, 10:16 AM
Previous filing
Feb 5, 2025
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 +3.61K +16.59% 25.4K Feb 19, 2025 Direct F1
transaction IBCP Common Stock Tax liability -$40K -1.15K -4.53% $34.76 24.2K Feb 19, 2025 Direct
holding IBCP Common Stock 3.37K Feb 19, 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 -2.02K -100% $0.00 0 Feb 19, 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.