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  4. [Form 4] INDEPENDENT BANK CORP /MI/ Insider Trading Activity

Independent Bank (IBCP) EVP granted 1,803 PSUs and 1,803 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Independent Bank CorpFebruary 3, 2026, he acquired 1,803 Performance Rights (PSUs) at $0. Each PSU is a contingent right to receive up to two shares of common stock, depending on total shareholder return versus a peer index.

On the same date, he also acquired 1,803 shares of common stock at $0, bringing his directly held common stock to 11,838 shares. In addition, he indirectly holds 2,071.65 common shares through an ESOP account.

Positive

  • None.

Negative

  • None.
Insider MICHAELS CHRISTOPHER S
Role Executive Vice President
Type Security Shares Price Value
Grant/Award Performance Right 1,803 $0.00 --
Grant/Award Common Stock 1,803 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Performance Right — 1,803 shares (Direct); Common Stock — 11,838 shares (Direct); Common Stock — 2,071.65 shares (Indirect, By ESOP)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MICHAELS CHRISTOPHER S
(Last) (First) (Middle)
4200 E BELTLINE
(Street)
GRAND RAPIDS MI 49525
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [ IBCP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,071.65 I By ESOP
Common Stock 02/03/2026 A 1,803 A $0 11,838 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Right (1) 02/03/2026 A 1,803 (1) 02/03/2029 Common Stock (1) $0 1,803 D
Explanation of Responses:
1. 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.
Remarks:
s/Darcy J. Benjamin, Attorney-in-Fact 02/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Independent Bank Corp (IBCP) insider Christopher S. Michaels report on this Form 4?

Christopher S. Michaels, Executive Vice President of Independent Bank Corp, reported receiving 1,803 Performance Rights and 1,803 shares of common stock on February 3, 2026. Both awards were recorded at a price of $0 per unit, reflecting equity compensation rather than an open‑market purchase.

How many Performance Rights did the Independent Bank Corp EVP receive, and what do they represent?

He received 1,803 Performance Rights (PSUs) on February 3, 2026. Each PSU is a contingent right to receive up to two shares of Independent Bank common stock, based on total shareholder return relative to a defined peer group index over the performance period.

How many Independent Bank Corp common shares does Christopher S. Michaels now hold directly and indirectly?

After the reported transactions, he directly holds 11,838 shares of Independent Bank common stock. He also has an indirect beneficial interest in 2,071.65 additional common shares through an ESOP account, which are reported separately from his directly owned shares.

What was the transaction price for the Independent Bank Corp equity awards to Christopher S. Michaels?

Both the 1,803 Performance Rights and the 1,803 common shares were reported with a transaction price of $0 per unit. This indicates they were granted as part of compensation arrangements, not purchased for cash in the open market.

What determines how many Independent Bank Corp shares each Performance Right may deliver?

Each Performance Right can deliver up to two shares of Independent Bank common stock. The actual number depends on the company’s total shareholder return performance compared with a specified peer group index over the applicable measurement period.