Independent Bank’s Budden accrues 259.02 stock units

The units are scheduled to be settled in Independent Bank Corp common stock when Joan A. Budden retires as a director.

Rhea-AI Filing Summary

Independent Bank Corp (IBCP) director Joan A. Budden accrued 259.02 Phantom Stock Units on August 14, 2026, under the deferred compensation and stock purchase plan for non-employee directors. The units are to be settled in the issuer’s common stock upon her retirement as a director. Her reported post-transaction position was 35,868.25 Phantom Stock Units. The reported holdings also include 6,323 directly held common shares, including 15 acquired through a dividend reinvestment program during the third quarter, and 810 common shares held indirectly by IRA.

Insider Trade Summary

Grant/Award: 259.02 shares

Grant/Award 3 txns

Insider Budden Joan A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units F2	259.02	$38.49	$10K
holding	Common Stock	--	--	--
holding	Common Stock F1	--	--	--

Holdings After Transaction: Phantom Stock Units — 35,868.25 contracts (Direct); Common Stock — 810 shares (Indirect, By IRA); Common Stock — 6,322.67 shares (Direct)

Footnotes (2)

1. F1. Includes 14.8688 shares acquired through dividend reinvestment program (DRIP) during the third quarter.
2. F2. The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.

Key Figures

Phantom Stock Units accrued: 259.02 units Phantom Stock Units following transaction: 35,868.25 units Direct common shares: 6,323 shares +2 more

5 metrics

Phantom Stock Units accrued 259.02 units August 14, 2026

Phantom Stock Units following transaction 35,868.25 units Reported after the August 14, 2026 transaction

Direct common shares 6,323 shares Reported holding

Common shares held indirectly by IRA 810 shares Reported holding

Shares acquired through dividend reinvestment program 15 shares During the third quarter

Key Terms

Phantom Stock Units, Deferred Compensation and Stock Purchase Plan for Non Employee Directors, dividend reinvestment program (DRIP)

3 terms

Phantom Stock Units financial

"The Phantom Stock Units were accrued"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation and Stock Purchase Plan for Non Employee Directors financial

"Deferred Compensation and Stock Purchase Plan for Non Employee Directors"

dividend reinvestment program (DRIP) financial

"shares acquired through dividend reinvestment program (DRIP)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many phantom stock units did IBCP director Joan A. Budden accrue?

Joan A. Budden accrued 259.02 Phantom Stock Units on August 14, 2026. The units are to be settled in Independent Bank Corp common stock upon her retirement as a director.

When will Joan A. Budden’s IBCP phantom stock units be settled?

The Phantom Stock Units are to be settled in Independent Bank Corp common stock upon her retirement as a director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/02/2026 - 12:22 PM Accepted by SEC EDGAR 10/02/2026 - 12:21 PM Learn about SEC filing dates

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^*

Budden Joan A

(Last) (First) (Middle)

98 OTTAWA NW

(Street)

GRAND RAPIDS MICHIGAN 49503

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP /MI/ [ IBCP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								810	I	By IRA
Common Stock								6,322.67(1)	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
Phantom Stock Units	(2)	08/14/2026		A	V	259.02		(2)	(2)	Common Stock	259.02	$38.49	35,868.25	D

Explanation of Responses:

1. Includes 14.8688 shares acquired through dividend reinvestment program (DRIP) during the third quarter.

2. The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director.

Remarks:

	s/Darcy J. Benjamin, Attorney-in-Fact	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)