Independent Bank (IBCP) director granted new phantom stock unit award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Archer Dennis W. Jr reported acquisition or exercise transactions in this Form 4 filing.

Independent Bank Corporation director Dennis W. Archer Jr. received a grant of 53.15 Phantom Stock Units on May 14, 2026. The units were valued at $33.71 per unit and increase his deferred Phantom Stock Unit balance to 6,451.74 units.

According to the company’s Deferred Compensation and Stock Purchase Plan for Non Employee Directors, these Phantom Stock Units are to be settled in Independent Bank’s Common Stock when Archer retires from the board. This is a compensation-related award rather than an open-market share purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Archer Dennis W. Jr

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	53.15	$33.71	$2K

Holdings After Transaction: Phantom Stock Units — 6,451.74 shares (Direct, null)

Footnotes (1)

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Key Figures

Phantom Stock Units granted: 53.15 units Grant valuation price: $33.71 per unit Total Phantom Stock Units after grant: 6,451.74 units +2 more

5 metrics

Phantom Stock Units granted 53.15 units Award on May 14, 2026

Grant valuation price $33.71 per unit Phantom Stock Units award

Total Phantom Stock Units after grant 6,451.74 units Holdings following transaction

Underlying common stock 53.15 shares Underlying security for new units

Conversion/exercise price $0.00 Phantom Stock Units under plan

Key Terms

Phantom Stock Units, Deferred Compensation and Stock Purchase Plan for Non Employee Directors, settled in the Issuer's Common Stock, Form 4

4 terms

Phantom Stock Units financial

"The Phantom Stock Units were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan..."

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

"were accrued for under the Independent Bank Corporation Deferred Compensation and Stock Purchase Plan for Non Employee Directors"

settled in the Issuer's Common Stock financial

"and are to be settled in the Issuer's Common Stock upon the reporting person's retirement as a director"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 10:38 AM Accepted by SEC EDGAR 07/02/2026 - 10:37 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^*

Archer Dennis W. Jr

(Last)

(First)

(Middle)

4200 E BELTLINE

(Street)

GRAND RAPIDS

MICHIGAN

49525

(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)
05/14/2026

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)
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)

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)
Phantom Stock Units	⁽¹⁾	05/14/2026		A	V	53.15		⁽¹⁾	⁽¹⁾	Common Stock	53.15	$33.71	6,451.74	D

Explanation of Responses:

1. 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	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Independent Bank (IBCP) director Dennis W. Archer Jr. report on this Form 4?

Dennis W. Archer Jr. reported receiving 53.15 Phantom Stock Units as a compensation grant. These units were credited under Independent Bank Corporation’s deferred compensation plan for non-employee directors and are linked to the value of the company’s common stock.

How many Phantom Stock Units does Dennis W. Archer Jr. hold after this IBCP transaction?

After this grant, Dennis W. Archer Jr. holds a total of 6,451.74 Phantom Stock Units. This total reflects the newly awarded 53.15 units added to his prior balance under Independent Bank Corporation’s deferred compensation and stock purchase plan.

At what price were the new Phantom Stock Units for IBCP valued?

The 53.15 Phantom Stock Units were valued at $33.71 per unit. This valuation is used to determine the number of phantom units credited under Independent Bank Corporation’s deferred compensation and stock purchase plan for non-employee directors.

When will the Phantom Stock Units for Independent Bank (IBCP) be settled into common stock?

The Phantom Stock Units are scheduled to be settled in Independent Bank Corporation common stock upon Dennis W. Archer Jr.’s retirement as a director. Settlement timing therefore depends on when his board service ends under the plan’s terms.

Is this IBCP Form 4 a stock market purchase or sale by the director?

This Form 4 reflects a grant of Phantom Stock Units as compensation, not an open-market stock purchase or sale. The award was made under Independent Bank Corporation’s Deferred Compensation and Stock Purchase Plan for Non Employee Directors.