Independent Bank (IBCP) EVP receives 1,741 PSUs and 1,741 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Independent Bank Corp. Executive Vice President Ervin J. Patrick reported equity compensation on February 3, 2026. He received 1,741 Performance Rights (PSUs) at $0, each representing a contingent right to receive up to two shares of common stock based on total shareholder return versus a peer index. He was also granted 1,741 shares of common stock at $0, bringing his directly held common stock to 35,898 shares. In addition, 1,872.64 shares of common stock are held indirectly for his benefit through an ESOP.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ervin Patrick J

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Performance Right	1,741	$0.00	--
Grant/Award	Common Stock	1,741	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Right — 1,741 shares (Direct); Common Stock — 35,898 shares (Direct); Common Stock — 1,872.64 shares (Indirect, By ESOP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

02/05/2026 - 11:25 AM

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^*

Ervin Patrick J

(Last)

(First)

(Middle)

4200 E BELTLINE

(Street)

GRAND RAPIDS

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								1,872.64	I	By ESOP
Common Stock	02/03/2026		A		1,741	A	$0	35,898	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Right	⁽¹⁾	02/03/2026		A		1,741		⁽¹⁾	02/03/2029	Common Stock	⁽¹⁾	$0	1,741	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) disclose in this Form 4 for Ervin J. Patrick?

Independent Bank Corp reported that Executive Vice President Ervin J. Patrick received 1,741 Performance Rights and 1,741 shares of common stock on February 3, 2026, both at $0 per share as equity compensation, increasing his reported beneficial ownership in the company.

How many Performance Rights did Independent Bank EVP Ervin J. Patrick receive?

Ervin J. Patrick received 1,741 Performance Rights (PSUs). Each PSU is a contingent right to receive not more than two shares of Independent Bank common stock, depending on the company’s total shareholder return versus a defined peer group index over the performance period.

What common stock grant did Ervin J. Patrick report for Independent Bank Corp (IBCP)?

He reported an acquisition of 1,741 shares of Independent Bank common stock at $0 per share on February 3, 2026. After this grant, his directly held common stock position increased to 35,898 shares, reflecting his updated ownership stake as an executive vice president.

What is the structure of the Performance Rights (PSUs) granted to Ervin J. Patrick at IBCP?

Each Performance Right represents a contingent right to receive up to two shares of Independent Bank common stock. The actual payout depends on the company’s total shareholder return performance relative to a specified peer group index over the applicable measurement period.

How many Independent Bank Corp shares does Ervin J. Patrick own after these transactions?

Following the February 3, 2026 transactions, Ervin J. Patrick beneficially owns 35,898 shares of Independent Bank common stock directly. Additionally, 1,872.64 shares are reported as indirectly owned for his benefit through an employee stock ownership plan (ESOP) arrangement.

What indirect ownership in Independent Bank Corp (IBCP) does Ervin J. Patrick report through an ESOP?

The filing reports 1,872.64 shares of Independent Bank common stock held indirectly "By ESOP" for Ervin J. Patrick. This ESOP position is separate from his directly held 35,898 shares and reflects benefits tied to the company’s employee stock ownership structure.