Stefanie M. Kimball - 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 $
-$57,910
Form type
4
Date filed
2/21/2025, 10:58 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 +3.94K +6.41% 65.5K Feb 19, 2025 Direct F1
transaction IBCP Common Stock Tax liability -$57.9K -1.67K -2.55% $34.76 63.8K Feb 19, 2025 Direct
holding IBCP Common Stock 6.41K Feb 19, 2025 By ESOP
holding IBCP Common Stock 230 Feb 19, 2025 By IRA

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 -2.21K -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.