Independent Bank (IBCP) CEO receives 6,052 PSUs and stock award

Rhea-AI Filing Summary

Independent Bank Corp. President & CEO William B. Kessel reported equity awards and holdings. On February 3, 2026, he received 6,052 Performance Rights (PSUs) at $0 exercise price, each representing a contingent right to receive up to two shares of common stock based on relative total shareholder return.

On the same date, he was credited with 6,052 shares of common stock at $0, bringing his directly held common stock to 156,578 shares. He also indirectly holds 8,761.23 common shares through an ESOP.

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

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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^*

Kessel William B

(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)

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

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								8,761.23	I	By ESOP
Common Stock	02/03/2026		A		6,052	A	$0	156,578	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		6,052		(1)	02/03/2029	Common Stock	(1)	$0	6,052	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.

FAQ

What insider transactions did IBCP President & CEO William B. Kessel report?

William B. Kessel reported receiving 6,052 Performance Rights and 6,052 shares of Independent Bank Corp. common stock on February 3, 2026, both at a price of $0 per unit, as disclosed in the Form 4 filing.

How many Independent Bank Corp. shares does the CEO hold after this Form 4?

After the reported transactions, William B. Kessel directly holds 156,578 shares of Independent Bank Corp. common stock and indirectly holds 8,761.23 shares through an ESOP, according to the beneficial ownership figures in the Form 4.

What are the terms of the 6,052 Performance Rights reported by IBCP’s CEO?

Each Performance Right represents a contingent right to receive not more than two shares of Independent Bank Corp. common stock, based on the company’s total shareholder return relative to a peer group index, with an expiration date of February 3, 2029.

Are the Performance Rights reported by IBCP’s CEO directly owned?

Yes. The Form 4 shows 6,052 Performance Rights as directly owned by William B. Kessel. These derivative securities were acquired at a price of $0 and are linked to underlying Independent Bank Corp. common stock, subject to performance conditions.

How is the ESOP ownership reported for Independent Bank Corp. shares?

The Form 4 discloses an indirect holding of 8,761.23 shares of Independent Bank Corp. common stock by William B. Kessel through an ESOP, labeled as indirect ownership with the nature of ownership specified as “By ESOP.”

What is the significance of the $0 price on IBCP’s reported awards?

Both the 6,052 Performance Rights and the 6,052 common shares were reported at a price of $0, indicating they were awarded rather than purchased in the market, consistent with typical equity compensation structures for senior executives.